Luxury residential developer Northacre has formally launched Orchard Place, its first foray into commercial real estate.
Northern & Shell’s £1bn East London development had promised to create 1,500 new homes.
“Nine Elms Square was originally envisaged as a mainly residential scheme, but we’ve altered that, particularly in the second phase,” says R&F’s Development Director.
“Build cost inflation is the most talked about topic in the land market at the moment, and it is anticipated that this will not ease in the short term,” warns Knight Frank. “This, combined with delays in the planning system, are going to significantly impact the delivery of completed new homes in the market.”
The “grand reimagining” of the old Whiteley’s shopping centre on Queensway is luxury property developer Finchatton’s biggest project so far, by some margin. It will also be home to the first Six Senses hotel in Britain, and is the cornerstone to a major reinvention of a once-overlooked part of central London.
After decades of sporadic development, all four corners of the famous PCL district are being transformed as a raft of ‘landmark’ projects finally take shape.
The number of “branded residence” developments around the world has jumped by 230% over the last decade, reports Savills, and is expected to nearly double again within five years.
Gavin Hubrich spent 11 years at Berkeley Group’s St George in London.
Dominic Grace has joined the strategic board of the B Corp developer, having recently left Savills after 37 years.
Greenfield development land values picked up by 3.9% in Q3, says Savills, while urban sites increased by 2.2%.
In Pictures: TwentyFive is a joint venture mixed-use development between Native Land and The Portman Estate; over half the apartments sold pre-completion.
The number of small- and medium-sized house-building companies has fallen by an average of 335 a year since the late 1980s, according to some new research.