Plans in Place
Luxury property company REDD has bought a £15m building in Mayfair’s Balfour Place, with plans to turn it into a luxury mixed-use scheme. The 9,364 sq ft five-story mansion block was designed by Eustace Balfour, the Grosvenor Estate’s architect, in 1891 and was originally built as a private residence. Following WWII, it was converted into offices and apartments. REDD has appointed design house 1508 to steer the creative process, while Savills and Wetherell will act as property advisors.