New £100m residential project for Fulham
Specification for the delivery of a new luxury £100 million residential gated community development in Fulham has been put forward by Mount Anvil, with more than 100 new homes to be built in the area.
Construction is forecast to get underway in spring 2015, with 107 homes to be built - 89 of which will be available for standard private sale, while the remainder will be on the market at discounted rates.
Situated at Farm Lane, the project will be a luxurious addition to the Fulham landscape, with private parking for up to 100 vehicles, as well as a 24-hour concierge service for residents, an on-site spa and landscaped gardens.
The site was purchased for £39 million earlier this year, with the aid of funding from Barclays Real Estate.
Jon Spring, land director at Mount Anvil, said: "For Mount Anvil this represents our first step into the high value West London market. It adds yet another dimension to our already robust and rapidly expanding portfolio."
The scheme is to be carried out in partnership with housing association Affinity Sutton, with the project the first of a major expansion for the organisation, with more than 10,000 properties to be built across the UK over the next decade.
Elsewhere in the capital, Westminster Borough Council is currently mulling over plans for a 193,000 sq ft mixed-use development in the historic suburb of Mayfair.
The project will include 36 new prime residential properties overlooking Green Park, with plans for completion of the development by early 2017.
Tim Roberts, head of offices for British Land, said: "We are big backers of London, and this is a rare opportunity to develop a freehold Mayfair site for a structurally under-supplied market as well as reinforcing British Land’s growing strength in London's West End."
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