London Square has acquired a former care home and convent site in Chelsea for £54m with plans to transform it into a residential scheme.
The developer bought the freehold for the 0.74-acre site on 29 Tite Street, SW3, from the charity Congregation of the Daughters of the Cross of Liège, which established St Wilfrid’s Convent at the site in 1976.
London Square is working with the National Army Museum, located adjacent to the site, to incorporate its car park into the scheme, while extending the museum’s exhibition space underground and delivering a landscaped garden with public access.
The developer has set up a consultation process with local residents, the Royal Hospital, ward councillors and officers from Kensington and Chelsea Council and the Chelsea Society to help shape the plans.
London Square founder and chief executive Adam Lawrence said: “We look forward to working with the local community and the London Borough of Kensington and Chelsea to deliver a new chapter for the site, returning it to residential use with exceptional design that will enhance and reflect the rich heritage of the street and its illustrious neighbours.”
Sister Veronica Hagen of the Congregation of the Daughters of the Cross said: “Daughters of the Cross has supported the vulnerable and elderly in the UK since 1863, while St Wilfrid’s care home provided care to its residents for more than 40 years. We are sad to have to say goodbye but the sale of the site will support the continued delivery and development of a wide range of services to vulnerable and marginalised communities wherever the Daughters of the Cross minister.”
National Army Museum director Justin Maciejewski said: “This new underground extension will transform our gallery capacity and community spaces and provide a new accessible garden area. This will enable us to achieve our vision to share the history and heritage of our soldiers and their service in the army, across the globe and down the centuries. This is a once-in-a-generation opportunity to enrich the cultural landscape of this wonderful royal borough.”
Knight Frank acted in the sale of 29 Tite Street.
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