Mayfair is an area of central London situated in the City of Westminster and is mainly commercial, consisting of shops and converted offices for major businesses, as well as embassies and real estate companies. This area of London also has a large sections of residential areas and luxurious hotels amongst the exclusive shops and restaurants.
The area was originally called 'The May Fair'. It is renowned for having the highest rent prices, not just in London, but globally. Mayfair is named after the annual 'May Fair', running for two weeks each May, on the site that is now Shepherd Market. This annual event ran from 1686 and was banned in 1764 because residents at the time felt that the fair lowered the tone of the area. Mayfair in ancient history was part of the parish of St Martin in the Fields, becoming part of the St George Hanover Square in 1724.
Mayfair is now an attractive location outside of the City of London for private banks, hedge funds and managers of wealth. The Egyptian Education Bureau is located in Chesterfield Gardens and EasyGroup has its offices in the district. Cadbury once held its offices in Mayfair up until 2007, but the company (now Cadbury Schweppes) moved to Uxbridge in London to reduce costs.Mayfair, London.