London Square - London, London Square exchanges on eleventh site in Eastcote, taking development pipeline over £500m
Date: 06 Aug 2013
London Square exchanges on eleventh site in Eastcote, taking development pipeline over £500m
London Square is continuing its development of luxury resi London builds and has exchanged on its eleventh site - this time a former office building in Eastcote village in the London Borough of Hillingdon.
The one acre site is situated between the adjoining Conex House office building and The Ascott public house. London Square purchased the site with planning permission to create a £15 million residential scheme - a collection of 42 one, two and three bedroom apartments in a landscaped setting, accessed via private gates from the High Street. Work will start in September this year and the development is expected to be complete in early 2015.
This latest acquisition takes the value of its development pipeline to over £500m.
Brian Betsy, MD at London Square, said "There is a very buoyant local sales market in suburban north-west London at the moment, which we have experienced first-hand at our Ruislip development where we have sold 70 per cent of the scheme off-plan since the end of January. Buying this site with planning permission will allow us to start work as soon as possible and capitalise on the strong demand. This latest acquisition is our eleventh site and takes our development pipeline over the £500 million mark."
By William Peterson