Buckingham Gate is a remarkable address, located close to Buckingham Palace and St James’ Park. Despite the prestigious heritage of the terraces, No’s 18 and 19 exemplified insensitive commercial developments from the post-war period.
We acquired the properties, over two separate transactions, in line with our strategy of seeking income producing opportunities with asset management and development potential, and to exploit the long-term demand in the prime residential London market.
Nestled between some of London’s most prestigious neighborhoods, the area was due to beneﬁt from the signiﬁcant development works in Victoria and enhancement of Victoria Station. The properties offered the opportunity for conversion to residential with supporting local planning precedents and we projected considerable in-fill potential to create a sizeable residential scheme
To deliver our vision we selected a market leading project team, led by award-winning architects SimpsonHaugh. Our design approach acknowledged the importance of convincing a disparate stakeholder group that high quality contemporary design can repair the street.
As well as complementing the form of the terraces, we proposed using natural materials that draw on colours, textures and patterns from the architectural context. The quality of the new façades is echoed in the interior design which matches assiduous attention to detail with beautiful finishes.
We achieved full planning permission for the demolition of the existing premises and construction of 14 luxury residences, including a wellness centre and secure underground parking spaces.
We exited from this investment in early 2016 to maximise returns.