Wetherell Mayfairs Fitnes Properties

Peter Wetherell talks about Mayfair and how it has changed and his role in bringing residential life back to the area. August 2009.

Video transcript:

People look at Mayfair as being geographically bounded, you can’t re-invent Mayfair. You have got Park Lane, Oxford Street, Regent Street, and Piccadilly. And in that space there is always a limited amount of property available, there is a limited amount of really good streets that people really want to be in, and your buying in a world wide brand, around the world people know Mayfair, its not just the name on a monopoly board that you played when you were a child, its tangible, you have got all the major five star hotels, have their home's in Mayfair.

It's where the best restaurants are, the best shops are, amongst Mayfair you've got Bond Street with the Jewelers and with Tiffany's, you've got the Saville Row, with all the suits and clothing.
Regent Street, Piccadilly, its just an amazing area to be in.

Mayfair is still the most expensive location, I love history, you look back to the old days of Mount Street, when you had the baker, and the butcher, and the candle maker, up to two years ago we had about six banks all in Mount Street. This was a Mecca for antique furniture, most of them have closed and moved on, and its been replaced now by a more vibrant Mayfair of all the designer shops, it's become much younger.

I love Mayfair, I've lived here, I brought my children up here, I help pay for the restoration of the bells at the Grosvenor Chapel, I got married and had all my children christened in the chapel, we're part of the fabric of Mayfair. Since nineteen-ninety we've sold about eighty-five buildings which were used as offices and they've reverted back as houses, we had one office building in Upper Brook Street, put on the market at fifteen million pounds, we had about eighty viewings, we had best offers and we ended up selling it for just under nineteen million, and that house is now being restored, we've acted for Grosvenor since nineteen-eighty. Apart from being a commercial landlord for offices, they are very much passionate about the area, and restoring it back to residential use, they are doing a lot of work in the public realm at the moment, the whole of Mount Street is about to be repaved. Connaught Hotel, which has just had eighty-five million pounds spent on it, it's going to have a whole new forecourt outside, so hopefully you'll be having tea outside the Connaught just as well as in, you can't re-invent Mayfair, I love Mayfair