UK: The newly established Evolution Funding Fund has acquired two luxurious lodge developments in Mayfair, London, with a complete capital dedication of roughly £1.1 billion, together with growth expenditure.
Evolution launched in 2025 by the Shanshal household. The British Virgin Islands–primarily based fund is targeted on buying, creating, and repositioning luxurious hospitality belongings globally, concentrating on “iconic places” in gateway cities.
The agency has acquired the lengthy leasehold curiosity of London Marriott Lodge Grosvenor Sq. and the the absolutely consented 8–10 Grafton Avenue and 22-24 Barlow Place luxurious lodge growth web site in New Bond Avenue from O&H Grafton Developments Restricted.
London Marriott Lodge Grosvenor Sq. is a five-star, 237-key lodge. Spanning 198,000 sq. toes, it options the Gordon Ramsey Bar & Grill, the Fortunate Cat by Gordon Ramsay, a cocktail bar and lounge, and a ballroom.
The venture on Grafton Avenue and Barlow Place will embody 94 lodge keys and 6 luxurious residences, with plans by Forster & Companions to ship a 12-storey tower.
A spokesperson for the Shanshal household stated: “Our first two acquisitions in Mayfair are far more than prime London belongings; they characterize our long-term conviction within the enduring high quality, resilience and international enchantment of this magnificent metropolis. We plan to speculate considerably in these places, pushed by a agency perception of their distinctive long-term enchantment.”
Nadhim Zahawi, director of the UK acquisition entities, added: “I’m delighted to have joined the 2 UK boards at this thrilling stage of Evolution’s historical past. I stay up for utilizing my expertise to assist the Shanshal household and staff to ship world class luxurious hospitality belongings in Mayfair and within the UK.”
Evolution will function each belongings.
Spartan Administration Companies, led by Richard Faber, acted as unique monetary and strategic advisor to Evolution throughout each transactions, main the origination, structuring and negotiations of the acquisitions.
Patrick Williams of Fried Frank acted as UK authorized advisor and Madeleine Fabre of Ginestie as structuring authorized advisor to Evolution throughout each transactions.
Highlights:
- Evolution Funding Fund has dedicated to speculate greater than £1 billion in two prime luxurious lodge belongings in Mayfair, London.
- The acquisitions embody the London Marriott Lodge Grosvenor Sq. and a brand new lodge/residential growth at Grafton Avenue and Barlow Place.
- Spartan Administration Companies, Fried Frank, and Ginestie suggested on the strategic, monetary, and authorized points of the transactions.
- Primarily based within the British Virgin Islands, Evolution will purchase, develop, and reposition luxurious hospitality belongings globally, concentrating on “iconic places” in gateway cities.
