Savills London Residential Development Development Land

Transcription

1 Savills London Residential Development Development Land A selection of deals from Q savills.co.uk/londonland

2 In 2014 we transacted 1.1 billion in land value, making Savills a market leader in the acquisition and disposal of residential land and development opportunities. 74 acquisitions or disposals exchanged in bn in land value transacted The market remained strong in Q4 2014, evidenced by the selection of our transactions highlighted over the following pages. The demand for residential development land and development opportunities within London has been insatiable and is expected to continue, allowing us to achieve exceptional value for our clients. More stock is needed from small to large lot sizes to satisfy our disappointed under bidders. Please contact one of the Savills team at the back of the brochure if you wish to discuss any opportunities. Tim Whitmey +44 (0) twhitmey@savills.com

3 CGI The Old Gas Works, Sutton SM1 Long leasehold sale of the residential element of a major mixed use development opportunity, comprising a cleared development site with planning permission for 186 private residential units. Vendor: LXB Retail Properties Plc Purchaser: National Housebuilder Sale Price: 13.6 million LxB instructed Savills to undertake residential development consultancy and affordable housing viability on this key Sutton regeneration site. This advice assisted us to secure a valuable consent; we subsequently instructed the Savills Land team to trade the residential component of this mixed use opportunity. We were hugely impressed by Savills considered advice and attention to detail which allowed us to generate a significant value for such a location. Giles Haywood, LXB Properties

4 CGI 8 South Audley Street & 51 Hill Street, Mayfair W1 Freehold sale of a grade II listed building and new build accommodation block totalling approximately 32,639 sq ft. The two buildings are registered under the same freehold title, but are subject to a full repairing and insuring lease, which was granted to the Governor-General of India for a term of 99 years from 25th December Vendor: Roselain Ltd Purchaser: Private Trust Sale Price: Confidential For many years we have benefited from the advice and expertise of the Savills development team. We continue to work very well together, and are most satisfied with the process and outcome of the recent sale of 8 South Audley Street in Mayfair. Tim, Luke & Lizzie, from our experience, offer the best in class market knowledge, discretion, analysis and service delivery; we recommend the team without hesitation. Owen Kelly, Roselain Ltd 500 Chiswick High Road, Chiswick W4 Freehold sale of vacant serviced offices and residential accommodation, with planning permission for 56 residential apartments alongside five townhouses and 1,168 sq m (12,572 sq ft) of gross internal office accommodation. Date: October 2014 Vendor: Centre 500 Ltd Purchaser: National Housebuilder Sale Price: Excess 20 million Savills added value throughout the planning process by providing up to the minute market advice. They then ran an extremely professional marketing process, targeting their database of active developers and we are delighted with the sale price we achieved. James Shindler, Centre 500 Ltd

5 CGI CGI 2 Millharbour, Canary Wharf E14 Freehold site of 2.65 acres (1.1 hectares) in a prime Canary Wharf location with a planning application for 699 highspecification private residential units (plus 94 intermediate and 197 affordable rented), car parking, and retail and restaurant uses at ground floor totalling 106,537 sq m GIA. Date: November 2014 Vendor: Pembroke Real Estate (Fidelity Investments) Purchaser: UK Prop Co Sale Price: Confidential Raglan Court, Empire Way, Wembley HA9 Working with Savills was a pleasure. The team brought energy and enthusiasm to our mandate and helped devise a strategy to optimise the timing of our sale. They took the time to understand our company culture, and appreciated our need for discretion. All of this contributed to an outcome that exceeded investor expectation. Page Harrison, Pembroke Real Estate Freehold sale of three residential blocks, comprising 118 flats and 76 garages, with substantial development potential. The 3.7 acre site is adjacent to the retail and leisure offering at Wembley City. Vendor: Infrared Capital Partners Purchaser: Residential Investor Sale Price: 17.6 million

6 3 5 Nightingale Lane, Clapham SW4 Acquisition of this circa 1 acre site comprising an existing office building owned by the Metropolitan Police Status: Acquired Date: October 2014 Vendor: Metropolitan Police Purchaser: Care Providers Guide Price: Excess 25 million CGI Letchford Gardens, Kensal Rise NW10 Freehold sale of a former neighbourhood community centre with planning permission for demolition and erection of 2 three bedroom houses Vendor: Private Prop Co Purchaser: Residential Developer Sale Price: Excess 1 million Architects drawing Mulberry House, 583 Fulham Road, Fulham SW6 Acquisition of a commercial building with permission for conversion into nine residential units Status: Acquired Date: December 2015 Vendor: Property Receivers Purchaser: Residential Developer Sale price: Confidential CGI Rye Lane, Peckham SE15 Freehold sale of a site extending to 0.17 acres with planning permission for a building of four to seven storeys comprising retail space at ground floor and 27 residential units above Vendor: Property Investor Purchaser: Registered Provider Sale Price: 4.6 million

7 CGI Forsyth House, Lower Richmond Road, Richmond TW9 Architects drawing Nestle Works, North Hyde Gardens, Hayes UB3 Freehold sale of this largely vacant 4 storey office building extending to approximately 15,000 sq ft Vendor: Private Company Purchaser: Residential Developer Sale Price: 5.8 million Unconditional acquisition of a 30 acre site comprising a former Nestle factory and associated offices, with potential for major mixed use development. Status: Acquired Vendor: Major Corporate Purchaser: UK Reit Sale Price: Confidential Architects drawing Land at Savoy Place, Covent Garden WC2 Tech West House, 4 14 Warple Way, Acton W3 Acquisition of a 63 sq m former car park with planning permission for a 138 sq m office development and residential development potential Status: Acquired Vendor: UK Charity Purchaser: Investor / Developer Sale Price: 0.9 million Freehold sale of an existing office building totalling 4,288 sq m with proper approval for part conversion into 46 residential units Status: Sale Vendor: Fixed Charge Receivers Purchaser: Residential Investor / Fund Sale Price: 9.55 million

8 Key contacts Our Coverage Central North South We cover all areas of London, demonstrated by the map of our 2014 deals below: Tim Whitmey +44 (0) Darren Arnold +44 (0) Andrew Cox +44 (0) Luke Hawkesbury +44 (0) Harry de Lotbiniere Associate +44 (0) South West Andrew Cooper Associate +44 (0) Andrew Boyd +44 (0) East Ed de Jonge +44 (0) South East Simon Welch Associate +44 (0) Lizzie Parrott Surveyor +44 (0) Sean Cooper Surveyor +44 (0) West Rob Pollock +44 (0) PA & Team Secretary Helen Brown Team Secretary +44 (0) Amelia Chubb Admin Assistant +44 (0) Robert Wilson Surveyor +44 (0)

9 savills.co.uk/londonland