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“Super Prime” Residential Scheme Wins Planning Approval
By Native Land: 15 July 2011
Native Land and Grosvenor have been granted planning consent by The Royal Borough of Kensington and Chelsea for this two-acre, super-prime residential development on Campden Hill, overlooking Holland Park.
The new scheme of 180,000 sq ft, designed by John McAslan + Partners, comprises 69 private apartments set amongst extensive, private landscaped gardens, all benefiting from large terraces or balconies. Residents will enjoy 24 hour security, a fully concierged entrance lobby, a residents’ leisure and spa facility together with 78 underground car parking spaces.
The site was sold to the joint venture by the Royal Borough for £100m in February 2010, to part finance the construction of a new state of the art secondary school on a separate location to the north. A temporary school is to occupy the site until September 2013, when the new Holland Park Academy is set to open.
Work on the development will commence in autumn 2013 with completion in spring 2016.This approval replaces an existing planning consent for a 157,000 sq ft development.
Alasdair Nicholls, Chief Executive, Native Land said: "Native Land has applied its considerable expertise to add significant value to this site. As a result, the scheme will become the leading super prime development of the future. Our continuing track record of conceiving and delivering some of central London's most desirable residential developments places us as market leaders in the sector.
We are delighted to have obtained this enhanced consent, designed by John McAslan + Partners and to be working again in joint venture partnership with Grosvenor."
For further information please contact Sarah Keltie at FD on 020 7269 9382 or sarah.keltie@fd.com
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"We aim to be the partner of choice for investors in the central London residential development market. Our track record is one of having consistently delivered + 30% per annum equity returns from the sector."Alasdair Nicholls, Chief Executive. |
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