News

The firm run by the Livingstone brothers will act as the Greater London Authority’s partner on the 10 ha site at the eastern end of the royal docks.

Details of its plans have yet to be revealed but the GLA masterplan for the site includes development of a commercial boatyard, redevelopment of the existing marina in the northern part of the site and housing around the southern part facing the Thames.

L&R Properties said: “We are very excited to have been chosen and are looking forward to working on this project with the local community, the GLA and the London Borough of Newham.

“There will be much more information available shortly”

Camden Council’s planning committee approved the deal last night.

Main contractor Lendlease will start on site next year on a contract believed to be worth around £350m.

The 11-storey building will be more than one million square feet of which Google will occupy 650,000 sq ft.

The State-owned Abu Dhabi National Exhibitions Company, which owns the land and exhibition space, has formed a joint venture partnership with Mount Anvil’s recently launched Royal Docks West development.

Royal Docks West was granted planning permission in February for 105 homes, including 26 affordable homes for local key workers,  amenity space for residents and commercial space.

Now Mount Anvil can expand its ambitions for the area and is working up plans for more housing.

Royal Docks West plan

Killian Hurley, chief executive at Mount Anvil said: “We are developing a compelling design, which we will continue to evolve in partnership with LIEC, London Borough of Newham and the GLA, and stakeholders in this area.”

Phil Dowson, chief financial officer at ExCeL said: “We are thrilled to be working in partnership with Mount Anvil to deliver this exciting project, given the company’s strong track record for working collaboratively to create design-led schemes.”

Under the £500m plan targeting mid-market housing Grosvenor will provide homes on a range of discounted market rents, reaching a wider spectrum of people.

The plan to develop a 12-acre former biscuit factory site has been designed by Kohn Pedersen Fox Associates and also includes a new 600-place secondary school at its heart, over 110,000 sq ft of new public spaces and almost 20,000 sq ft of new playspace.

Grosvenor is testing its latest proposals after two years of local interaction and discussion.

Craig McWilliam, Chief Executive of Grosvenor Britain & Ireland, said: “London’s housing shortage is too often creating polarised outcomes, with homes for the few who can afford to buy them, and those allocated social rented accommodation.

“We are sharing our ambitions in Bermondsey to meet the needs of many on low and middle incomes who are locked out of London’s housing market.

“We want to help create one of London’s greatest neighbourhoods for people of mixed incomes, backgrounds and life stages. We want to manage these rental homes for the long term, responding to changing needs and extending Bermondsey’s rich history at the heart of a growing, global city.”

A statement from developer Craigewan said: “On behalf of its client, St. John’s Wood Square Limited, Craigewan can confirm the appointment of Lendlease to provide advice during the detailed design phase of the development prior to the appointment of a main contractor.”

The 2.2ha site was the former home of the Royal Horse Artillery and will be transformed into luxury homes across eight blocks.

Construction work is scheduled to last for five-and-a-half years.

Greystar has acquired two plots of land from the Royal Mail for the scheme. 

The pre-construction deal will see Telford Homes assist Greystar in pursuing a detailed planning consent for the site before entering a full design and build contract to deliver the development for a fixed price.

The terms of the contract include regular payments during the course of construction and profit paid on practical completion so Telford will invest limited equity and no debt. 

Telford Homes said it “is not taking any sales or rental risk but the margin earned will account for full construction risk and therefore is in line with the group’s target margin for build to rent developments.

Jon Di-Stefano, Chief Executive of Telford Homes, said: “Telford Homes is becoming established as a significant developer of build to rent housing in London. 

“This increasing reputation is helping the Group to secure major opportunities such as this and we are looking forward to assisting Greystar and building a strong partnership with them.

“This development will represent a substantial increase in the Group’s build to rent portfolio alongside existing schemes with M&G Real Estate, L&Q and Folio London, part of Notting Hill Housing Group. 

“It is an exciting step for Telford Homes but it does not change our geographic focus when considering developments for open market sale. 

“The Board believes the Group’s skillset can be utilised to develop build to rent homes anywhere in London whilst still maintaining a strong pipeline of developments for individual buyers in non-prime London locations.”

Mark Allnutt, Managing Director Multifamily, Greystar added: “This will be without question central London’s most exciting rental community.

“There’s nothing comparable in the UK in terms of scale and resident amenity. 

“We believe that London is finally ready for a five-star rental experience and we’re proud to be bringing this to Nine Elms in partnership with Telford Homes, a housebuilder synonymous with quality.”

Lendlease will be main contractor on the job which is expected to cost around £350m to deliver.

Plans went in to Camden Council for approval this week.

The planning application describes the scheme as a “7-11 storey building for use as offices with ancillary staff facilities including a cafe, gym, pool, Multi Use Games Area, events centre and landscaped roof garden.”

The Google HQ building, designed by Heatherwick Studios and BIG, in collaboration with BDP, will be home to 4,000 Googlers on completion.

Neil Martin, Manging Director of Lendlease’s Construction business in Europe, said: “With our global construction experience, we are confident this will be as distinctive as everything else Google does.”

Linden Homes is putting in £90m alongside £10m from Lookers Volkswagen Battersea to build new apartments at 98 York Road.

The Podium development will also contain a new Lookers showroom which will occupy the ground three floors of the 20-storey building.

Construction is scheduled to start towards the end of this year.

Claire Gibbins, Sales and Marketing Director at Linden Homes South East, said: “Battersea is undergoing a huge transformation and is going to be a great place to live.

“As well as new homes, the area is going to benefit from new parks, leisure and cultural spaces plus extensions to the transport network including the Northern Line extension, which is due to complete in 2020.”

A joint venture between a Meyer Bergman-advised investment fund and Warrior Group aims to give the once grand Grade II-listed department store in Bayswater a new lease of life.

The Foster + Partners designed £1bn mixed-use scheme will see 500,000-plus sq ft of homes and shops built behind the existing 1911 facade.

Under the revised plans two controversial residential towers will be dropped a floor and the number of one and two bedroom flats increased from 44 to 78 while larger four bedroom homes will be reduced from 37 to seven.

Exterior of the existing building will be retained 

A new public courtyard will be at the heart of the new scheme

A hotel is planned to boost footfall and bring the leisure and retail scheme to life

The scheme will open onto Queensway, which is also planned to undergo a £50m revamp.

Under the section 106 agreement the developer has agreed to fund £6m of public realm improvements and £6m for affordable housing.

The vast mixed-use scheme, south the Thames in Rotherhithe, ranks as the London developer’s most ambitious scheme over the next 10 years.

This morning the firm revealed plans were progressing for the 46 acre site as it unveiled a 7% rise in underlying profit for the year to £390m.

British Land is working closely with the London Borough of Southwark, the Greater London Authority, Transport for London on the scheme.

Plans will include 2m sq ft of workspace and 1m sq ft of retail and leisure space alongside educational and cultural uses and up to 3,500 new homes.

These will include a mix of affordable and market priced housing as well as a more targeted provision, including student accommodation.

Chris Grigg, chief executive, said: “Our active programme of engagement with the local community and other stakeholders includes our fourth public consultation which started earlier this month and we are targeting submission of a planning application around the end of the financial year.

“We will evaluate phasing of the project and potential funding structures as we move closer to securing planning.”