Most of the Victoria and Belgravia area is part of the Duke of Westminster's Grosvenor Estate as to minor, overarching legal interests, especially the open spaces and the valuable freehold of shops.
Fronting the square are 26 houses, which are all Grade II* listed which is the second tier (and so second-rarest) of the pyramidal-hierarchy protection and recognition system.
Most of the houses fronting are now held as freeholds, the residual interest in their leases (reversions) having been bought from the Grosvenor Estate.
A statue of the young Queen Victoria by the artist Catherine Anne Laugel was specially commissioned then installed, in 2007.
[citation needed] In 1991, the square was used for the filming of the Merchant Ivory Productions adaptation Howards End.