BauMont Real Estate Capital, the value‑add real estate investment manager majority owned by M&G Real Estate, in partnership with UK real estate developer Hondo Enterprises, is to redevelop 1 Vincent Square in Westminster, converting a period building into a prime residential scheme.
The six‑storey property will be transformed into 26 luxury apartments, with construction due to start imminently.
The redevelopment sits within M&G’s broader value-add strategy focusing on well-located assets in major global cities, with a particular emphasis on living strategies and mixed-use opportunities in supply-constrained markets.
Harry Wentworth Stanley, director of investments at BauMont Real Estate Capital, said: “1 Vincent Square is a good example of our approach to invest carefully in well-located buildings that can be brought back into productive use at a time when new homes are hard to deliver.
“Westminster is a highly constrained market, so securing sites like this with clear potential and strong fundamentals, really matters. We’re pleased to be entering the construction phase with an experienced development partner to deliver prime new homes.”
Taylor McWilliams, managing partner at Hondo Enterprises, added: “We are excited to be partnering with BauMont to deliver a unique collection of luxury homes in one of London’s premier postcodes, SW1.
“Set on picturesque Vincent’s Square with incredible views of Big Ben, Westminster Abbey and the London Eye, 1 Vincent Square combines old world charm with contemporary design to deliver 26 apartments of outstanding quality.”
To read the latest IPE Real Assets magazine click here.
