Grosvenor backs Belgravia office redevelopment with £53.5m loan

Steph Ball, executive director for investment at Grosvenor Property UK, said: “One Chester Street reflects the type of opportunity we look to support through our lending business: a well-located asset with strong underlying fundamentals, backed by experienced sponsors and a clear strategy to create long-term value. 

“We are pleased to be supporting Beltane and TPG Angelo Gordon as they reposition the asset for its next phase.

“Many of today’s most compelling opportunities lie in reimagining well-located buildings, and supporting the refurbishment of existing assets is an important part of the transition towards a more sustainable built environment.”

Ball added: “By providing flexible financing solutions, we can help sponsors deliver higher-quality, lower-carbon space while preserving and enhancing some of London’s most distinctive commercial buildings.”