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Residents of London’s affluent area of South Kensington will have a new art hub in their neighbourhood from May 2020. The £20 million development, billed as a new arts district ‘to rival Mayfair’, will include a membership club, exhibition space and restaurant. The complex has been created by a conversion of five listed buildings and has already signed up membership of 40 established names in fine arts, including old masters dealer Baring Fine Art and antiques specialists Oliver Hoare. Rental prices for the smallest gallery start from £2,000 a week.