Londonewcastle and Royal London Asset Management have instructed CBRE to find a buyer for a major residential led, mixed-use development opportunity which has full planning permission in place.
Hurlingham on the River, currently known as Hurlingham Retail Park, is one of the few remaining development opportunities on this stretch of the river. The site in Fulham, adjacent to Wandsworth Bridge, boasts 475 feet (146 metres) of uninterrupted River Thames frontage.
A freehold development opportunity, the site area extends to 1.3 hectares (3.2 acres), with vacant possession available at short notice.
Planning permission has been secured for a £300 mln mixed-use development, comprising 269 residential apartments, including 45 for affordable use, 32,775 sq ft (3,045 m2) of commercial space and 50,000 sq. ft of high quality shared external amenity space including 24,000 sq. ft of private residents’ gardens.
Drew Watkins, fund manager, RLAM said: ‘The fund has owned the Hurlingham Retail Park for a long time and feel we have taken the first major step in its redevelopment by securing an excellent planning permission for a residential-led scheme. We are now looking for the right group with suitable expertise to take forward the project to the next logical step and deliver this stunning project.’
Adam Cradick, executive director of residential land at CBRE said: ‘We expect there will be significant interest in Hurlingham on the River. It is an exceptionally rare blend of prime riverside location, scale, and an architectural vision which marries world class design with visionary placemaking to create a luxury riverside development opportunity. This is one of the last remaining riverside regeneration sites in this prime part of London, and one of only a few prime consented residential development opportunities to come to market in London in recent times.’
