The Peninsula London Residences

A long leasehold apartment in the same building as The Peninsula London. Every one of the 16 sales recorded at 1 Grosvenor Place by HM Land Registry is leasehold, not freehold and not a share of freehold. The Hongkong and Shanghai Hotels owns the whole complex and holds the site itself on a lease of 146 years that began in 2016, so each residence lease sits inside that term. What transfers is the lease of the apartment, the parking space where one is allocated, and rights of use over the residents' areas. The unexpired term is confirmed for the specific residence before you commit.

The residences are consented as ordinary homes, Class C3 in planning terms, not as hotel rooms. The hotel does not sell them as keys and no rental programme is published. Owners live here year-round and may draw on the hotel's services, including catering and cleaning. Whether you may let, and on what minimum term, is set by your lease and by the rules on short lets in Westminster, and is confirmed before you commit. Where Avory places a guest in an owner's residence, that is by arrangement with the owner and subject to availability.

The service charge is set by the managing agent and is not published. It is confirmed for the specific residence before you commit, with the ground rent and the basis on which the charge is apportioned. Council tax is billed by Westminster City Council, where the Band H charge for 2026/27 is £2,095.70; the band for the specific apartment is confirmed at the same time. Where a company rather than a person holds the home, the annual tax on enveloped dwellings applies: £151,450 a year for a value above £10 million and up to £20 million, and £303,450 above £20 million, for 2026 to 2027.

HM Land Registry records 16 leases sold at 1 Grosvenor Place between October 2023 and July 2025. The lowest was £8,100,000 and the highest £74,933,000, for apartments 19 and 20, which were combined into one home before completion. The most recent on the register is apartment 24 at £36,800,000 in July 2025, which the owner's accounts report as HK$395 million. Those accounts also state that 18 of the 24 residences had been sold by 31 December 2025, leaving 6 held for sale.

Residents are served by the hotel's staff and have access to the services and facilities of the hotel. The residences also have facilities of their own in the basement levels, among them a second 25 metre swimming pool kept for residents rather than hotel guests. The list below sets out what is on site and who it is for.

Hopkins Architects designed the building for The Hongkong and Shanghai Hotels, and it opened as a hotel on 12 September 2023. It is a single building of lower ground, ground and eight upper floors around a central courtyard, with five floors below ground holding the ballroom, the spa, the residents' facilities and the parking. The facades are Basebed Portland stone, with bronze canopies and glazing and hand-crafted granite paving in the courtyard. The 24 residences have their own entrance and drop-off on Halkin Street and run to about 119,000 sq ft of gross floor area. Peter Marino designed the hotel interiors and the base finishes carried into the residences.

The building stands at Hyde Park Corner, facing Wellington Arch, with Apsley House alongside the junction. Hyde Park, Green Park and St James's Park are all within walking distance, and the grounds of Buckingham Palace sit close by. Transport for London rates the site 6b for public transport access, the highest rating there is: Hyde Park Corner underground station is close, and 18 daytime bus routes serve the junction. Heathrow is 14.8 miles, or 23.8 km, away.

A buyer from outside the UK can hold a London lease outright, with no licence and no local nominee. Stamp duty land tax reaches 12% on the slice above £1.5 million, with 2 percentage points added where a buyer is not UK resident and a further 5% where the purchase leaves you owning more than one home. An overseas company or partnership must first register itself and its beneficial owners with Companies House, and quote that Overseas Entity ID to the land registry, before it can be registered as the owner.

Avory works with the residence sales office at The Hongkong and Shanghai Hotels and with the agents acting for individual owners. After you enquire we send the current availability, the floor plan, the unexpired lease term, the service charge and the parking allocation for that residence, and arrange a viewing with the sales office. Owner stays are arranged directly with the owner and are subject to availability. Avory cannot hold a residence or a price. Request access.