Birmingham Developer Invests £1 Billion in London Residential Projects
SevenCapital plans three major developments in Kensington, Islington, and Isle of Dogs, totaling over 1,000 new homes.
Birmingham-based property developer SevenCapital has announced a significant foray into the London residential market, unveiling plans for three developments across the capital with a total investment of £1 billion.
These projects are set to bring over 1,000 new homes to central London, particularly focusing on areas that have seen historically low levels of new housing.
The first of these projects, named 100 Kensington, has received planning consent and will involve an investment of £500 million.
This development will create a total of 462 new homes at the junction of West Cromwell Road and Warwick Road, an area characterized by a scarcity of new housing.
The project includes a 29-storey residential tower, which is expected to become the tallest residential building in the borough.
Of the planned homes, 276 will be market sale apartments and 186 will be classified as affordable.
In addition to residential units, the Kensington site will feature a leisure facility that encompasses a 20-meter swimming pool, a gym, and a fitness studio, all part of a sports club accessible to residents at a discounted membership fee.
Furthermore, 25,000 square feet of space is designated for retail and office use, as well as a landscaped podium garden above a Tesco car park.
Anticipated pricing for one-bedroom apartments is expected to start from £895,000, with a projected completion date in early 2027.
The other two developments are currently in the planning phase.
The project at Klein’s Wharf in the Isle of Dogs has a proposed budget of £290 million and aims to provide 375 new homes, with 40% of these designated as affordable housing.
The site, located near the Thames and adjacent to the Millwall Outer Dock, will include public amenities such as a riverside café and a community hub, along with over 50,000 square feet of public realm.
The third project, named the Archway Campus in Islington, is situated on a 1.47-hectare site and involves a £210 million investment.
The scheme will include 178 homes, of which more than 51% are planned to be affordable.
The development is centered on a historic Victorian building that was previously part of a workhouse infirmary and has been linked to local medical education for several decades.
Plans for this project include refurbishing the historic structures while integrating new construction to create a total of 178 residential units, alongside 242 student accommodation rooms.
SevenCapital, founded in 2009 by chairman Bal Sohal and managing director Damien Siviter, currently oversees a diverse portfolio of projects valued at £2.1 billion, primarily concentrated in the Midlands.
The company's expansion into London is marked by collaboration with European property investment manager MARK, known for its extensive portfolio in central London.
The Kensington project has already attracted significant interest, with around 500 inquiries reported, including potential buyers from the UK and markets in the Far East, the Middle East, and Africa.
These projects are set to bring over 1,000 new homes to central London, particularly focusing on areas that have seen historically low levels of new housing.
The first of these projects, named 100 Kensington, has received planning consent and will involve an investment of £500 million.
This development will create a total of 462 new homes at the junction of West Cromwell Road and Warwick Road, an area characterized by a scarcity of new housing.
The project includes a 29-storey residential tower, which is expected to become the tallest residential building in the borough.
Of the planned homes, 276 will be market sale apartments and 186 will be classified as affordable.
In addition to residential units, the Kensington site will feature a leisure facility that encompasses a 20-meter swimming pool, a gym, and a fitness studio, all part of a sports club accessible to residents at a discounted membership fee.
Furthermore, 25,000 square feet of space is designated for retail and office use, as well as a landscaped podium garden above a Tesco car park.
Anticipated pricing for one-bedroom apartments is expected to start from £895,000, with a projected completion date in early 2027.
The other two developments are currently in the planning phase.
The project at Klein’s Wharf in the Isle of Dogs has a proposed budget of £290 million and aims to provide 375 new homes, with 40% of these designated as affordable housing.
The site, located near the Thames and adjacent to the Millwall Outer Dock, will include public amenities such as a riverside café and a community hub, along with over 50,000 square feet of public realm.
The third project, named the Archway Campus in Islington, is situated on a 1.47-hectare site and involves a £210 million investment.
The scheme will include 178 homes, of which more than 51% are planned to be affordable.
The development is centered on a historic Victorian building that was previously part of a workhouse infirmary and has been linked to local medical education for several decades.
Plans for this project include refurbishing the historic structures while integrating new construction to create a total of 178 residential units, alongside 242 student accommodation rooms.
SevenCapital, founded in 2009 by chairman Bal Sohal and managing director Damien Siviter, currently oversees a diverse portfolio of projects valued at £2.1 billion, primarily concentrated in the Midlands.
The company's expansion into London is marked by collaboration with European property investment manager MARK, known for its extensive portfolio in central London.
The Kensington project has already attracted significant interest, with around 500 inquiries reported, including potential buyers from the UK and markets in the Far East, the Middle East, and Africa.
