CNM Estates has submitted an EIA application for a residential-led mixed-use development in Kingston town centre, south-west London.
The plans involve up to 350 new homes and 90,000 sq ft of offices. At least 200 of the homes are intended for the build-to-rent market.
CNM Estates is particularly active in the Kingston and south-west London market, with other large residential schemes in Tolworth and Sutton.
The latter is under construction, with a 20-storey tower of 180 units forward funded to Invesco for the rental market. The Tolworth scheme, set to deliver 200 rental homes, is set to start construction in Q1 2018. Discussions are ongoing with a number of parties regarding either a forward funding or a development finance deal.
Build-to-rent investors for the Kingston site will be sought once planning is submitted in a couple of weeks.
CNM Estates said: “The proposed regeneration of the Canbury Business Park has been designed to deliver a mixed-use community that links central Kingston and the north of the station. Our goal is to create a vibrant employment and residential quarter that will enhance all of the key elements that make Kingston such a desirable place to live, work and shop.
“The scheme will respond to modern housing requirements by delivering a range of high quality rental and for sale offerings; with the architecture reflecting the unique heritage of the site, and character of North Kingston. Within the landmark office proposal, we are committed to providing a variety of flexible employment space for established occupiers, SMEs and start-ups to support business growth within the borough.”
To send feedback e-mail paul.wellman@egi.co.uk or tweet @paulwellman eg or @estatesgazette
