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BP Amoco

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Grosvenor wins planning consent

The Grosvenor Estate has been granted planning permission for its planned refurbishment and extension to provide office space at Belgrave House, 76 Buckingham Palace Road, London SW1. Belgrave House is the former headquarters of BP Amoco and the new £60m scheme will provide around 22,296 sq m (240,000 sq ft) of office space. Grosvenor owns the freehold of the building and a private investor has the long leashold. The adjoining Chantry House is planned to be converted to provide 37 residential units and a restaurant on the ground floor and basement. The architect for the project is Michael Squire & Partners. - (18-06-2001)

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Berkeley Square estate sold

Sheikh Zayed bin Sultan Al-Nanyan, president of the United Arab Emirates, and head of the Abu Dhabi royal family, is said to be the mystery buyer for BP Amoco's Berkeley Square estate in London W1. Sheikh Zayed is thought to have paid around £325m for the portfolio of 100 buildings. London based Capital Trust is believed to have fronted the deal for Sheikh Zayed. CB Hillier Parker is expected to manage the portfolio. - (11-06-2001)

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Benchmark bid for BP Amoco portfolio

Benchmark is reported to have bid nearly £300m for the 100 properties around Berkeley Square, London W1, put up for sale by the BP Amoco pension fund. Other bids submitted last week are said to include those from Minerva and the Grosvenor Estate. BP Amoco is holding the property auction at a time when headline rents in the area are passing £861 per sq m (£80 per sq ft). - (25-03-2001)

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Grosvenor submits planning application

The Grosvenor Estate has submitted a planning application for the refurbishment and extension to provide B1 office space at Belgrave House, 76 Buckingham Palace Road, London SW1. Belgrave House is the former headquarters of BP Amoco and the new scheme will provide around 22,296 sq m (240,000 sq ft) of office space. Chantry House will be converted to provide 37 residential units and a restaurant in the ground and basement. - (05-11-2000)

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