Three-year-old estate agency Prime London Residential is stepping up to a new office, buying a 1,160 square foot patch at Taylor Wimpey Central London’s Palace View development in Lambeth.
Joseph Cadman’s high-end new-build specialist firm says it has spent “in excess of £1m” on the space, which occupies one of two retail units in TWCL’s scheme next-door to the medieval Lambeth Palace, and is a ten minute stroll from the firm’s current digs on Westminster Bridge Road.
Palace View will deliver 55 resi units at 1 Lambeth High Street when completed at the end of the year. PL’s move represents TWCL’s first sale of retail space to an owner-occupier – as well as to an estate agency.
Joseph Cadman, owner and Managing Director of Prime London: “Since launching the business in 2013, the London housing market has experienced several challenges, so it is testament to my team, our business model and the quality of the stock we have successfully marketed that the business now has the capacity to upsize into this brand new space.
“We are continuing to see strong levels of investment in the capital’s real estate, London is and always has been a huge draw, and has proven its resilience in the face of various elections, SDLT increases and referendum uncertainty.
“I am excited about this next phase of the business as we become able to offer our experience, coverage and the personalised service that has proved so successful to a broader array of clients.”
Darren McCormack, Sales and Marketing Director of Taylor Wimpey Central London: “Palace View is one of the jewels in our portfolio of prime central London developments, so it’s great to see a premium brand such as Prime London choose the scheme to open a new premise and expand into this exciting part of London.”