First Base partners with Starwood Capital on GBP35m West London residential venture
Property developer and investor First Base and an affiliate of Starwood Capital Group have secured detailed planning permission for a major GBP35m residential development in Ravenscourt Park, W12.
When complete, the scheme will deliver 54,000 sq ft of residential property comprising of striking 2,500 sq ft four-bed villas, houses and apartments.
The development architects, Pollard Thomas Edwards have designed a modern interpretation of the traditional London house, which will seamlessly integrate with the surrounding area through sensitive design and mature landscaping.
Elliot Lipton, Managing Director, First Base, says: “This scheme presents a unique opportunity to develop large spacious homes in a much sought-after London location. Our on-going commitment to delivering high quality developments combined with a collaborative planning approach means that we can continue to unlock value from seemingly difficult sites.”
Adam Shah, Starwood Capital, says: “Starwood believes that there are strong investment opportunities in London residential, particularly in locations as strong as this one. We are delighted to be working with First Base on this exciting opportunity and we continue to look for similar projects with them.”
Mansell has recently been appointed as construction contractors and will begin work on site in late 2013.