A new private members' club is set to launch in London's Devonshire Square in spring 2016, after it was given the green light by the City of London Corporation.
The Devonshire Square Club will sit in a 19th century Regency warehouse in the Devonshire Square Estate, owned by Blackstone, close to Liverpool Street station.
Blackstone has signed a lease with Devonshire Square Club to run the site. Devonshire Square Club is majority owned by businessman and former Conservative party deputy chairman, Lord Ashcroft, and will be managed by Brian Clivaz.
Clivaz and developer and chief architect of the club Harry Harris (pictured right, with Clivaz) are also both shareholders in the company, which is backed by RBS Group.
In addition to the brasserie and bars, the club will also have a private garden with its own winter garden and cigar terrace, as well as a spa located in an adjacent 18th century town-house.
The venue will also feature 68 bedrooms, 24-hour room service and valeting.
"The Devonshire Square Club will be the focal point where those with Mayfair style and glamour meet East-end chic. The Club will undoubtedly attract financiers and city professionals but will also be a natural haven for creative executives from Shoreditch and Hoxton. The Club will offer a sophisticated atmosphere in which to conduct business, relax and entertain" said Clivaz.
Brian Clivaz, chief executive of L'Escargot in Soho, co-founded Home House - an informal take on a private members' club - with Laurence Isaacson and launched it in 1998. He also served as chief executive of the Arts Club from 2004 until 2012, when he became non-executive chairman of Langan's Brasserie.