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Developer plans £75m projects in London

31 Aug 11 Residential property developer London Square is planning to build 115 housing units on two sites in Shoreditch and Putney, with a combined project value of £75m.

AHMM's design for 18-30 Leonard Street in Shoreditch
AHMM's design for 18-30 Leonard Street in Shoreditch

The company was launched a year ago and these will be its fifth and sixth locations on the capital.

In the heart of Shoreditch, close to Old Street station and the regeneration area of Silicon Roundabout, London Square has acquired 18-30 Leonard Street from Derwent London and will develop a £35m scheme designed by AHMM Architects on the former office site, including 47 apartments and 19,000 sq ft of commercial space.  Start on site will be in November 2011.

London Square has also bought a site on Upper Richmond Road, close to Putney High Street. This office site was acquired from Briargrove. London Square will be creating a £40m scheme on site with 68 homes plus commercial space on the ground floor.

London Square chief executive Adam Lawrence said: “These sites are what London Square is all about – creating excellent schemes in sought-after areas where people want to live and creating individual homes designed for real lives. We now have six prime sites in total, including Wimbledon Village and Fulham, plus other significant opportunities in the pipeline. We have delivered these in 12 months since launching London Square, demonstrating our agility, sound financial backing and a first-class management team in place.”

London Square launched in June 2010 with £100m of backing. The company’s plan is to reach a target of building more than 600 new homes a year within the next five years, with the aim of becoming one of London’s top housebuilders.

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