Luxury residential developer, Fenton Whelan, has acquired a period mansion block at 31-35 Chesham Street SW1, which it plans to transform it into one of Belgravia’s finest addresses.
The GBP40 million scheme will comprise six state of the art apartments designed in house by Fenton Whelan.
Chesham Street is the fourth Fenton Whelan development to be backed by the GBP150 million Aurium Real Estate London Ultra-Prime Fund, which offers global institutions and family offices a direct route into ultra-prime central London residential. Topland provided GBP16m of senior debt for the deal. Chesham Street is Fenton Whelan’s fourth with equity from Aurium and its third funding from Topland.
Fenton Whelan was founded by two former City bankers, Sanjay Sharma and James Van den Heule, with a vision to develop the world’s finest residences. The Mayfair-based duo lead a specialist team with a wealth of experience in property sourcing, finance, interior design and project management. Fenton Whelan currently has eight active projects with a GDV in excess GBP150 million and a further GBP100 million of projects in the pipeline
says: “We have earned a reputation in the London market for world class design and flawless execution. At Chesham Street, we will leverage these skills to create truly exceptional apartments to appeal to the word’s most discerning buyers.
“We want to capitalise on our track record to become the partner of choice for those looking for a design-led development partner in the luxury residential segment.
“Having successfully delivered a growing number of London projects we are now looking at expanding into other cities. We are currently exploring opportunities in continental Europe and the Middle East.”