Knightsbridge Partnership is delighted to announce Property Owners across Knightsbridge have voted in favour of forming a Property Owner BID for the district.
The majority of the property owners in the proposed BID area who voted, voted in favour of the proposal, both by numbers voting (99%) and by aggregate rateable value (99%) . The ballot turnout was 55%.
The Knightsbridge Property BID will commence operations on 1 June 2025 and continue until May 31 2030.
The successful ballot for the formation of the Knightsbridge Property Owner BID is a testament to the united vision of the district’s property owners across Knightsbridge to achieve strategic placemaking, area promotion and inward investment.
Knightsbridge is one of the world’s leading luxury destinations, welcoming over 40 million visitors a year from across the globe.
This successful ballot result increases momentum behind the Knightsbridge Place and Public Realm Strategy, a catalyst for transformational and long-term change across the district by unlocking an initial £5 million in investment during the first BID term (2025-2030) to fund projects which, when complete, will enable Knightsbridge to cement its position internationally as one of the world’s leading luxury destinations. This investment from the Property Owners in Knightsbridge builds upon the commitment and investment of occupiers to drive transformational change across the district.
Steven Medway, CEO Knightsbridge Partnership said, “Securing a successful ballot for the Knightsbridge Property Owner BID is a landmark moment in our journey to transform Knightsbridge into a world-leading district for residents, businesses, and visitors alike. To have achieved this milestone during the fourth year of the Occupier BID’s first term is a powerful endorsement of the vision we’ve set out—and of the collective belief in that vision from the property owners who shape this iconic part of London.
Medway added, “This result clearly reflects the strong alignment between our occupiers and owners, and it sends a compelling message: there is a shared ambition and deep-rooted support for long-term investment in the future of Knightsbridge. We are thrilled that this new BID unlocks an initial £5 million of inward investment, enabling us to accelerate delivery of key projects within the Knightsbridge Place and Public Realm Strategy. Our thanks go to the property owners who voted and backed our plans. Your support provides the foundation for an exciting new chapter one where we will work collaboratively to create a more vibrant, sustainable, and internationally competitive Knightsbridge.”
Chris Barass, Managing Director, The Knightsbridge said, ““We have been very supportive of the creation of a Property Owner BID for Knightsbridge. Its formation is a natural next step to enable Knightsbridge to reach its full potential through ongoing vital work to make the area smarter and safer and facilitate delivery of the impressive vision for the district in the Knightsbridge Place and Public Realm Strategy.”
James Stoll, Asset Management Director, Cadogan said, “I am immensely proud of the role Cadogan has played and engagement from other key stakeholders to secure the formation of the Property Owner BID for Knightsbridge. From today, we can start to build on strong foundations and collaborate for the first time to realise the enormous opportunity for transformational change to elevate Knightsbridge’s status as a truly global destination”
The Knightsbridge Estate said, “The Knightsbridge Estate is delighted to hear that voting has gone in favour of the formation of the Knightsbridge Property Owners BID. The ability to unlock additional funding will facilitate further investment in the Knightsbridge area helping to enhance its unique character and allow it to continue to thrive for future generations to enjoy.”
Read the Business Proposal 2025-2030 here.
