ShopStop acquired by private investors for £137 million

Author: Cyril Richert

ShopStop, the retail area of Clapham Junction station, has been acquired by DTZ Investors for £137 million.

The winning bid is said to be 30% above the initial price, which must have been a decisive factor to be chosen by DV4, clients of Delancey, over prestigious interested parties including vacuum cleaner pioneer James Dyson’s property business, Legal & General, Redevco, LaSalle Investment Management and Meyer Bergman. Continue reading

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Winstanley Phase 0: Less Trees, Less Space and High rise

Author: Cyril Richert

Phase 0 of the Winstanley and York Road estates regeneration has now started. Usual trick applied: the picture published is only showing the top 6 floors of a tower that will reach … 20 floors.

This phase comprises of three separate developments along Grant Road, which in total will deliver 139 new residential flats along with the relocation of the Battersea Baptist Church and Thames Christian College. Continue reading

Boots site in Falcon Lane might have opportunity for 11 storey buildings

Author: Cyril Richert

The Online Investment Property Exchange Propex has been instructed to invite interested parties to submit written proposals in October 2018 regarding the large Boots Retail Warehouse in Falcon Lane. In their brochure they highlight a potential for residential development with an example of 5 blocks of up to 11 storeys cramped on the site. Continue reading

Councils play damaging property game: short-term gain but long-term threat to London

Authors: Cyril Richert & Jane Clifton

Capture from BBC 1 Inside Out documentary

On Tuesday 3rd September, BBC1 released a very interesting documentary on Council regeneration plans (BBC1 Inside Out 03/09/2018). The programme featured Westminster’s “regeneration” programme (this city council plans to flatten 300 homes at the Ebury Bridge estate in Pimlico to make way for 750 new properties, the majority of which will be sold on the private market) but it also dealt with the issue more widely – the property development activities of various other London Councils.

The 29-minute documentary clearly shows why getting rid of council housing in favour of expensive redevelopments and making financial gains for the Councils (and more obviously private developers) is such bad news long term for London: pushing out vital elements of the population who help to keep the city running.
Continue reading

In an alternative reality, the Council is giving itself a ‘pat on the back’

Author: Cyril Richert

New façade of the Alchemist pub in St John’s Hill

The façade of the Fishmonger/Alchemist pub in St John’s Hill has been “restored” with an additional element on the left of the original building. The Council is now claiming that it has been “restored back to its original Victorian-era splendour after the council took legal action to force the developer to rebuild it“.

However in reality the initial planning permission to knock down the façade and rebuild was refused, the developers did it anyway, then submitted a retrospective application similar to their original one, this time approved by the Council. Continue reading