Date Published 25 September 2017
Taking in some of London`s most highly-prized and established addresses, including The Phillimores and The Boltons. W8 isn`t traditionally known for its new-build stock, but a new report has flagged up that around 830 units have been completed in the Kensington area over the 3½ years to Q2 2017, with more than 500 currently under construction.
Most of the new residential development action is happening on that western fringe, with Berkeley`s St Edward arm delivering several sites forming part of the 375 Kensington High Street scheme. But it`s Capco`s well-documented mega-scheme (formally Earls Court Exhibition Center) to the south that`s doing most of the heavy lifting, creating 6,500 homes (5,200 private) – albeit with many of those falling under the banner of Hammersmith & Fulham.
Adding to the general buzz are some other notable new high-end developments to the west, including Chelsfield`s 62-unit Holland Green and Redrow`s 41-unit scheme at 205 Holland Park Avenue – both now complete – while Native Land`s super-prime Holland Park Villas is currently under construction. Grainger is also working on 53 private units at 21 Young Street.
Around High Street Ken – the `spine` of Kensington – there`s 44 private residential units planned at Allen House on Allen Street, while Minerva is working on turning the Odeon cinema into a mixed-use scheme with new cinema and 43 private residential units. Bellworth`s Lancer Square is also one to watch; the Malaysian firm has consent for 36 private units on this peach of a site just behind Kensington Palace.
During the last two and a half years to Q2 2017, nine Kensington schemes have had units for sale, with just over 300 sold (most of which were at 375 Kensington High Street, Kensington Row and Lillie Square).
Reference: Prime Resi