Slaughter and May advised Derwent London on the sale of its 50% interest in 1-5 Grosvenor Place, London SW1 to Hong Kong & Shanghai Hotels ('Peninsula Hotels') for £132.5 million and on the exit from its joint venture with Grosvenor for the development of the site. Grosvenor and Peninsula Hotels will work together towards the development of the 1.5 acre plot, next to Hyde Park Corner, as a luxury residential and six star hotel scheme.
 
CONTACTS
Real Estate: John Nevin (partner), Gemma Goddard (associate); Tax: William Watson (partner), Ed Milliner (associate); Pensions and Employment: Roland Doughty (partner), Katherine Flower (associate)