2015-07-17

-First image revealed of new hotel and apartments in Belgravia,
central London



LONDON /PRNewswire/
-- Plans have been submitted with Westminster City Council for a
new 190-room hotel, to be known as The Peninsula London, at one of
the city's most celebrated addresses.



First image revealed of The Peninsula London in Belgravia, central
London

Joint venture
partners Grosvenor
Britain & Ireland (Grosvenor)
and The Hongkong and Shanghai Hotels, Limited are proposing a new
landmark at 1-5 Grosvenor
Place, Belgravia in the West End of London.
Designed by British-based Hopkins Architects, the new building will
replace the existing offices at the site, built in the 1960s, with
a design that responds to the heritage of its immediate neighbours,
providing a new focal point and vibrancy to Hyde
Park Corner.

The Peninsula
London is planned to cater for both hotel guests and local
customers. In addition to guestrooms and spa, the hotel will have
shops, bars, restaurants and a ballroom. A grand pedestrian
entrance on Grosvenor Place will be accessed from a colonnade
linking to an internal 'Palazzo-style' courtyard, approximately 30
x 30 metres, allowing vehicle access. The proposed building also
includes 24-28 residential apartments with a separate leisure and
spa facility, reception and entrance on Halkin Street.

Plans include
improved public realm in Grosvenor Place, Halkin Street and
Grosvenor Crescent, with easier road crossings, wider footpaths and
new trees planted along Halkin Street and Grosvenor Crescent. The
public realm proposals around 1-5 Grosvenor
Place are designed by BDP, a major international
practice of architects, designers and engineers, which has worked
with Grosvenor since 2007. Grosvenor and The Hongkong and Shanghai
Hotels, Limited aim to start construction in summer 2017.

Peter
Vernon, Chief Executive Officer of Grosvenor
Britain & Ireland said: "This
is an exciting opportunity to shape a very special corner of
London. For over 300 years Grosvenor has carefully curated
its London estate
in Mayfair and Belgravia and The Peninsula London is another
important step in our journey. This high-quality development is
sensitive to its surroundings, sustainable and will support around
2,800 jobs in the wider economy. It will enhance the West End's
reputation as one of the world's foremost places to visit and a
driving force for the UK economy."

Clement
Kwok, Managing Director and Chief Executive Officer of The
Hongkong and Shanghai Hotels, Limited said: "We are
delighted to partner with Grosvenor to bring the Peninsula brand
to London.
As a company with 150 years of history, HSH is genuinely committed
to the long term and focuses on developing, as an owner-operator, a
small number of the highest quality Peninsula hotels in key
international gateway cities. Each of our hotels embraces the local
culture, style and history to deliver a unique experience for
guests. As one of the world's most important destinations for
business and tourism, London will
be an exciting addition to our global network."

For more information
please contact:

Hamish
McDougall, Interim Head of Media
Relations, Grosvenor
Britain & Ireland:
020 7312 6479 /Hamish.mcdougall@grosvenor.com

Lynne
Mulholland, Director, Corporate Affairs, The Hongkong and
Shanghai Hotels, Limited

T: +852 28407152 or +852 67188219 / lynne.mulholland@peninsula.com

About Grosvenor
Britain & Ireland

Grosvenor
Britain & Ireland is
part of the Grosvenor Group.

Grosvenor
Britain & Ireland's mission
is to create and recreate inspiring places and neighbourhoods,
delivering value for customers, shareholders and co-investors with
its place-making expertise.

It owns, develops
and manages a diverse property portfolio in cities across Britain
and Ireland.
Business units are focused on its London estate,
comprising 300 acres of Mayfair and Belgravia in the heart of the
UK's capital, and developments elsewhere in London, Edinburgh, Liverpool, Oxford, Cambridge and Southampton.

As
at 31
December 2014, Grosvenor
Britain & Ireland had GBP5.2bn of
assets under management.

www.grosvenor.com
Twitter:
@Grosvenor_GBI

About The Hongkong and
Shanghai Hotels, Limited

Incorporated in
1866 and listed on the Hong Kong Stock Exchange (00045), The
Hongkong and Shanghai Hotels, Limited is the holding company of a
Group which is engaged in the ownership, development, and
management of prestigious hotels and commercial and residential
properties in key locations in Asia, the
United States and Europe,
as well as the provision of tourism and leisure, club management
and other services. The Peninsula Hotels portfolio comprises The
Peninsula Hong Kong, The Peninsula Shanghai, The Peninsula Beijing,
The Peninsula Tokyo, The Peninsula Bangkok, The Peninsula Manila,
The Peninsula New York, The Peninsula Chicago, The Peninsula
Beverly Hills, and The Peninsula Paris. Projects under development
include The Peninsula London and The Peninsula Yangon. The property
portfolio of the Group includes The Repulse Bay Complex, The Peak
Tower and St. John's Building in Hong
Kong; The Landmark in Ho
Chi Minh City, Vietnam; 1-5 Grosvenor
Place in London,
UK, and 21 avenue Kléber in Paris,
France. The clubs and services portfolio of the Group
includes The Peak Tram inHong
Kong; Thai Country Club in Bangkok,
Thailand; Quail Lodge & Golf Club in Carmel,
California; Peninsula Clubs and Consultancy Services,
Peninsula Merchandising, and Tai
Pan Laundry in Hong
Kong.

www.hshgroup.com
www.peninsula.com

Photo
- http://photos.prnasia.com/prnh/20150716/8521504669

Logo - http://photos.prnasia.com/prnh/20140310/8521401355LOGO-a

Logo - http://photos.prnasia.com/prnh/20150716/8521504669LOGO-b

Source: The Hongkong and Shanghai Hotels, Limited

Related stocks: HongKong:0045 OTC-PINK:HKSHY

Related Links:

http://www.hshgroup.com

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