Benefits

The restoration of a building such as 20 Grosvenor Square brings intrinsic benefits to the community, not least the return of a building to its intended residential use.

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  • The work involved on site over the three-year construction programme provides between 300-350 jobs, excluding the additional opportunities the project creates for suppliers across the UK
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  • By seeking to increase the number of homes to between 37-40 units, there will be an economic uplift through the number of families spending time and money in Mayfair, boosting revenues at local restaurants, shops and caf├ęs.
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  • Creating new homes brings the advantage of the New Homes Bonus, paid by central government to areas that permit new building, in addition to additional tax receipts through stamp duty payments and council taxes.