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The Clearings to clear £900m

The-Clearings-SW3

CBRE and Savills have been appointed as selling agents at The Clearings on Draycott Avenue, SW3.

The £900m luxury residential scheme, owned by Citygrove and McLaren Properties with the backing of Sports Direct founder and Newcastle United owner Mike Ashley, is expected to achieve a value of £4,000 per sq ft.

The site, bought from John Lewis last month for more than £200m, has planning permission for 62 flats and seven townhouses.

Its development will involve the relocation of Marlborough Primary School and is therefore not expected to commence until 2017.

david.hatcher@estatesgazette.com

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