The intimate, boutique property will feature 50 guestrooms and suites, as well as 80 Residences at Mandarin Oriental.

The property will feature a vibrant fine-dining restaurant, a lobby lounge, stylish bar and a private roof terrace with bar overlooking Mayfair.

The Residences at Mandarin Oriental, located in the building’s upper floors, will be some of the most exclusive private homes in the city. With the world of art, fashion, culture and business already on the doorstep, owners will enjoy direct access to the hotel experience, which will include an indoor pool, a comprehensive fitness centre and an intimate spa, providing Mandarin Oriental’s renowned wellness services.

A full suite of five-star hotel services will be available to owners, including in-residence dining, housekeeping, valet parking and a dedicated 24-hour residential concierge.

The development, which will be marketed as Hanover Bond, is situated between Bond Street and Regent Street, on Hanover Square, in one of London’s most exclusive residential, retail and fashion districts. The Bond Street Cross Rail station, located on Hanover Square, is due to open in 2018 and will give residents and guests access to super-fast rail connections across London, with Heathrow airport accessible in under 30 minutes.

“We are delighted to be opening a second Mandarin Oriental property in London, and look forward to extending the Group’s legendary hospitality to another of the city’s most exclusive addresses,” says James Riley, Group Chief Executive of Mandarin Oriental. “Operating two complementary hotels in a single destination is something that the Group has already done successfully in Hong Kong.” he added.