Mandarin Oriental has announced plans for its second London property, to be located on Hanover Square in the capital’s Mayfair district.

The development will offer 50 hotel rooms and 80 residences, as well as a fine dining restaurant, lobby lounge, bar, spa, indoor swimming pool, fitness centre and private roof terrace with views over Mayfair.

The property is being designed by London-based architectural firm Rogers Stirk Harbour and Partners, and is scheduled to open in 2021.

Ahead of this the square will be connected to the Crossrail project next year, with the new Bond Street station on the Elizabeth Line due to open in 2018, which will eventually offer trains through to Heathrow.

The Residences at Mandarin Oriental will be housed on the upper floors of the development, which is being marketed as Hanover Bond, and will have access to in-residence dining, housekeeping, valet parking and a dedicated 24-hour residential concierge.

Commenting on the news James Riley, Group Chief Executive of Mandarin Oriental said:

“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.

“Operating two complementary hotels in a single destination is something that the Group has already done successfully in Hong Kong.”

The group’s existing London property by Hyde Park is currently undergoing major refurbishment works, with the suites the first to be unveiled.