Countryside Properties subsidiary Copthorn Homes is set to develop three housing schemes in London worth a total of £50m.
Copthorn has obtained detailed planning consent from Lambeth Borough Council to develop a 0.4ha (1-acre) site in Vauxhall, SW8 adjacent to Vauxhall Park. The 75-home mixed-tenure development will include 57 apartments and town houses for sale and 18 rented apartments, to be completed in spring 2003, with an end value of £27m.
The company has also obtained permission to develop 61 apartments as part of the regeneration of the Edward Woods Estate in Hammersmith, W11. The end value of the 0.25ha (0.6-acre) scheme, adjacent to the Chelsfield’s White City shopping centre, is projected at £14m. In addition, Countryside Properties’ In Partnership division will create 61 homes in a £7m contract with Notting Hill Housing Trust.
Copthorn is also awaiting consent for a 0.1ha (0.25-acre) mixed-use scheme at Uxbridge Road, Ealing, W5, with an estimated end value of £9m. The development will include 29 new and refurbished homes, of which eight will be affordable homes for shared ownership, together with 279 sq m (3,000 sq ft) of retail space. Planning consent for a 24-unit scheme has already been granted.
Richard Cherry, group new business director, Countryside Properties, said: “Countryside Properties has an excellent track record in undertaking mixed-use and mixed-tenure development and these three new schemes in Ealing, Vauxhall and Hammersmith will further enhance our considerable programme of urban regeneration in London.”
EGi News 19/07/01
