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The Mansion: Clivedale tops out debut resi scheme

Demand for premium product is still strong says Mayfair developer, as buyers snap up two-thirds of the units at its new luxury project in Marylebone

Three years after making a splash in PCL with four prominent acquisitions, Clivedale London has topped out its debut resi project and reported a strong take-up from top-end buyers.

Jonathan O’Neil of McAleer & Rushe and Tarun Tyagi of Clivedale London

The final joist (in gold, of course) was hoisted into place at The Mansion on Marylebone Lane yesterday, marking a milestone for both the building and the firm behind it – the UK real estate arm of $11bn Indian conglomerate Indiabulls.

Due to complete in Q2 2018, the DSDHA-designed seven-storey development is billed as “a contemporary interpretation of a classic London mansion block”, and will sport a “unique” Terracotta façade as a nod to the traditional red-brick architecture of Marylebone. McAleer & Rushe is on main contractor duties, while Arney Fender Katsalidis will be taking the lead on the interiors.

The 23 apartments include laterals and duplexes, ranging from studios to a pair of marquee penthouses, and cost upwards of £4.7m. All will have access to 6,500 square feet of amenities, including a private residents’ lounge overlooking a sunken garden, a spa and fitness centre with sauna, steam and private treatment room, and Marylebone’s biggest private indoor swimming pool (25m). We’re told 15 of the 23 units (65%) have been sold to date.

Clivedale has also partnered up with some top heritage brands to set the offering apart from the pack. Residents’ perks will also include a chauffeur-driven Bentley house car, Fortnum & Mason grocery deliveries, housekeeping from Maid of London and dry cleaning services from Jeeves of Belgravia.

Tarun Tyagi, CEO at Clivedale: “The Mansion has offered us a rare opportunity to develop an exceptional product in a premium location and we are delighted with the level of interest we have seen in our first residential scheme. We are committed to creating properties as exceptional as those who live in them. Our success to-date demonstrates both the strength of the premium residential market and the enduring appeal of developments of this quality.”

Mayfair-based Clivedale is also working on super-prime resi projects on Stanhope Gate (Mayfair Park Residences) and Hanover Square (Hanover Bond).

In Pictures: The Mansion, Marylebone (Clivedale London)

themansionw1.com

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