Sons & Co are the latest luxury property development company to snap up property in the heart of London’s Mayfair. Founded by the Stocker Brothers and funded by Faisal Butt and James Caan’s Hamilton Bradshaw Real Estate, the company has invested £24.25m in a property on Charles Street.
Charles House at 18B Charles Street is a Grade II listed building that is currently home to serviced offices. The Stocker brothers, Alex and Christian, plan to apply for planning permission to turn the 14,000 square feet of space into four luxury apartments, each with their own staff accommodation. It’s estimated that the value of the project on completion will be around £50 million.
Alex Stocker, the firm’s founding director, commented, “Our development will provide the best in luxury living, as prime central London property continues to outperform other investments. Apartments in Mayfair are attracting huge interest from international buyers, many of whom now choose London as their principal residence.”
The company’s prior developments include a range of luxury apartments at Palace Gate as well as the development of a new-build house in Pont St. Mews, whilst Hamilton Bradshaw Real Estate has previously invested in companies such as The London Management Company and Accouter Design, an interior design firm owned by Alec Watt.
Upmarket Mayfair has long been home to some of London’s wealthiest residents who flock to the area for its Michelin star restaurants, designer boutiques and jewellers. But over the last year, the number of hedge funds, private equity companies and boutique investment banks in Mayfair has risen by over 100%!
In fact, the leasing rate for financial firms in Mayfair rose by 139% between 2012 and 2013, with the district now boasting the largest concentration of hedge funds in the capital – they account for around 31% of the area.
Whilst a Mayfair address has always been appealing to businesses, in recent eyes the market seems to have seen an influx of clients. With 18 five star hotels and 31 Michelin Star restaurants, it’s perhaps no surprise that Mayfair is so popular with financial firms, many of whom move here so that they can be as close to their competition as possible – and in order to share a prestigious postcode!
It’s estimated that, over the next decade, £1.3 billion of investment could take place in the area. High net worth individuals would rather meet in a beautiful district than commute miles to the city. After all, wouldn’t we all rather work in Mayfair, given the choice?
Think of affluent Mayfair and markets are probably not the first thing to spring to mind. Yet ignoring the area’s amazing markets means you’ll be missing out on an unsurpassed shopping opportunity. Here’s our pick of the best markets in the Mayfair area that are well worth perusing on a sunny afternoon.
Dover Street Market
If the idea of six floors of design, fashion, art and home accessories sounds like heaven, you may never want to leave Dover Street Market. Don’t come here without your plastic; this is Mayfair, with prices to match! You’ll find an eclectic mix of avant-garde designers, from Raf Simons and Comme des Garcons to Hiroshi Fujiwara. A great place to find unusual gifts, you’re also practically guaranteed to source an outfit you can be sure nobody else will be wearing!
“Portobello Road, Portobello Road, street where the riches of ages are sold,” so the song from Disney classic ‘Bedknobs and Broomsticks’ would have us believe! In fact, Portobello Road itself is just a small part of Portobello Market today, which is divided into 5 sections. On Portobello Road you’ll still find the antiques market, filled with all kinds of treasures. For fashion, head to the Westway area or check out the second hand goods at Goldbourne Road. Portobello is one of the world’s most famous street markets, and for good reason – whatever you’re looking for, you are sure to find it here!
Princess Eugenie was recently spotted enjoying date night with boyfriend Jack Brooksbank in London’s Mayfair. The 24-year-old royal was dressed to the nines as she met boyfriend Jack for a date at Lulu, one of affluent Mayfair’s most exclusive private members’ clubs.
Showing off her curves in a vintage-style knee-length black satin wrap dress, Eugenie accessorised with classic red lipstick and a glamorous pair of black peep-toe heels. Her vintage style dress was perfectly complimented by screen-siren Hollywood curls. Boyfriend Jack had clearly also dressed to impress, looking stylish in his black suit, pale blue tie and crisp white shirt. Jack, a former waiter turned nightclub boss, is making the most of his time with his girlfriend after she relocated to NYC last year.
The couple have been dating since 2010 and are clearly managing to maintain a long-distance relationship. As well as regular meetings in the UK and US, they spend a lot of time chatting on Skype together to keep their relationship fresh. In an interview last year, Jack told reporters, “We spend a lot of time on Skype. It’s great. We are still very much together.”
Princess Eugenie isn’t the only royal to party in leafy Mayfair – last month, her sister Princess Beatrice was spotted leaving Roka.
For the lucky few, a spot of opera in Mayfair was just the ticket earlier this month. PopUp Opera, known for their talent as well as their somewhat small-scale performances, performed Mozart’s ‘Cosi fan tutte’ to an audience of just 25 in a Mayfair bar.
Formed in 2011 by soprano Clementine Lovell, the company’s aim is to open up the world of opera to new audiences, making it enjoyable and accessible to all. Past performances have taken place in some rather unusual locations, from candlelit caverns and garlic farms to underground tunnels! Provided there’s room for a set, all is well.
Last week the firm descended on The Whip in Mayfair, a 1920s speakeasy bar with a cocktail list to die for. With an atmosphere akin to being bundled in a relative’s cosy living room, opera sung at full volume so up close and personal is most definitely an intimate and unforgettable experience, and audience participation was also on the menu.
Sadly, for those who missed last week’s performance at The Whip, the troupe has now moved on to pastures greener, so you’ll need to head to their next venue to catch a performance. With their summer tour running until 31 July, this week you can catch them in Hackney Wick, Vauxhall and East Sussex. Tickets are selling fast, so you had better be quick!
In an interview with the Telegraph, David Sonnenthal, Manager of New Bond Street Pawnbrokers, spoke about his firm’s fresh take on the pawnbroker model.
Catering to the wealthy elite of London’s Mayfair district, New Bond Street Pawnbrokers deals in ‘high-end’ pawnbroking. What exactly does this mean? Sonnenthal explains, “We don’t buy plain gold or low-value items.” His business is certainly located in the right postcode, where many residents have the finest cars, art, jewellery and antiques.
The new model used by Sonnenthal’s firm lends 40-50% of an asset’s value – the minimum loan is £1,000. Whilst clients pay between three and five percent interest each month, they are given the opportunity to repay within seven months. This differs from traditional pawnbrokers, where clients are often unable to get back their assets. Those who are unable to pay back their loan will have their items sold at auction, with the firm recouping their costs and paying the client any extra gained.
The contemporary style of New Bond Street Pawnbrokers throws off the traditional Dickensian image of a dark, dingy pawnbrokers and gives it a distinctly modern vibe. Whilst some people are still uncomfortable visiting a pawnbrokers for fear of being seen as poor, the shop has issued around £50m in loans since it opened 15 years ago and Sonnenthal explains, “Our clients are very wealthy, it’s just their money is tied up in their assets and they need instant cash.”
The inaugural Brown’s London Art Weekend took place in Mayfair on Saturday 5th and Sunday 6th July. Over the course of the weekend, 80 art galleries and auction houses across Mayfair opened their doors to the public, with over 75 astounding exhibitions displaying 3,000 years of art.
Something was on offer for everyone, from fans of renaissance-style paintings to people fascinated by contemporary sculpture. The Art Weekend also hosted almost 100 free tours and talks – it proved to be a fantastic opportunity to explore the city’s private galleries, usually closed to the public, and gain an insight into why international collectors and dealers flock to Mayfair and St James every year.
The weekend was supported by Brown’s Hotel on Albemarle Street and attracted collectors, artists and those curious to see inside Mayfair’s private art galleries. Brown’s has always been a popular choice for artists, gallery owners and collectors and the hotel offered a Hix Art Brunch, created by Mark Hix, as well as special accommodation packages for the weekend. They even organised a high-speed tour, leaving from Brown’s, which enabled busy visitors to take in 12 galleries in under 2 hours!
A flat in Mayfair has recently appeared on the market for a cool £1 million. With the demand for flats in central London on the rise and Mayfair’s reputation as an ultra-luxurious area, the property, marketed by Wetherell covers just 461 square feet – as much space as you’d find in the average living room! The entire flat is actually smaller than a London tube carriage, although it has been well-designed and contains a separate bedroom, reception, kitchen and bathroom.
Compared to other homes in the UK, this swish yet compact pad is just half the size of an average property. The annual service charge is £3,000, inclusive of the services of a (undoubtedly) smartly-dressed porter.
If you’re a millionaire looking for a compact yet perfectly located city apartment, this flat could be for you!
You’ll be in the very heart of Mayfair, just down the road from the Ritz hotel and a few steps away from world-renowned restaurant Nobu. You just need to turn right out of the building and you’ll be in Berkeley Square. If property really is about ‘Location, location, location’ it doesn’t get much better than this!
If you were lucky enough to receive a proposal this Valentine’s Day, you’re probably already planning your dream wedding and hunting for the perfect venue to tie the knot in London. Why not get married in Mayfair this spring? There are loads of stunning venues to choose from – here are our favourites.
From its art-deco 1930s inspired ballroom to its spacious reception spaces, Claridge’s is a Mayfair institution and the perfect place to hold your nuptials – you’ll be in good company as Kate Moss and Sarah Jessica Parker are regulars here.
With numerous private event rooms for hire including the Buckingham and Kensington rooms, there is something for everyone, whether you’re planning a lavish party or an intimate meal. The hotel even offers a 9-week complimentary ‘Claridge’s Beauty and Fitness’ membership to brides and grooms, so you can get gorgeous for your big day!
Once owned by the Marchionesses of Carnarvon, today Dartmouth House is one of London’s most sought after wedding venues. It’s perfect for your reception or civil ceremony, whether you’re planning a huge banquet or cosy celebration with friends and family.
The stunning courtyard, marble staircase and grand piano make fantastic backdrops for your wedding photos and the experienced wedding planning team are on hand to make your special day as perfect as possible.