Northacre Capital has bought a mansion in Notting Hill with scope for a luxury penthouse development.
It has agreed to pay £3.7m for 22 Prince Edward Mansion, W2. It will be financed by a combination of Northacre’s existing cash resources and third-party debt finance.
The firm intends to create a luxury 2,675 sq ft penthouse at the property, with the potential use of outdoor terraces.
Construction is expected to start in October, with completion for summer 2015.
joanna.bourke@estatesgazette.com
