First Base and Savills Investment Management have received planning from Merton Council for a £70m mixed-use development in Earlsfield, SW18.
First Base plans to turn a 1.9-acre industrial estate into 129 flats and houses and a co-working hub for small and growing businesses in the area. providing modern collaborative workspace, events spaces and a new café.
James Whidborne, director at Savills Investment Management, said: “This is a great reflection of First Base’s hard work and a key milestone for PLRDF 2, our second London development fund.
“Across both funds we have now successfully secured five planning consents and a development pipeline of more than 600,000 sq ft. ”
JLL advised on planning. Cratus and Four Communications undertook community engagement.
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