Planning success at Westbourne House

Posted by JR-Capital in News

Planning success at Westbourne House 14 to 16 Westbourne Grove, London W2

 

JR Capital is pleased to announce that planning permission has been granted by Westminster City
Council to redevelop the existing 1980’s office building into 20 luxury apartments and ground floor
retail with 12 underground car parking spaces. The consent includes a new 7th floor which will form a
duplex penthouse with view across London. The apartments will be a mix of one, two and three beds
all benefiting from high ceilings and private outside space.

 

The proposals, by architects Stiff and Trevillion, provide for the retention of the existing building
structure and re cladding of the existing elevations to improve the buildings appearance. The
existing ground floor National Westminster Banking Hall is to be retained and a new ground floor
commercial unit will be created adjacent. The upper floors will contain high quality residential
accommodation with an addition storey on top of the existing 6th floor roof. The new 7th floor
structure is set back from the main building to minimise its visual impact from ground floor level
views.

 

The building was acquired in June 2012 in partnership with a UK developer, construction will
commence in July 2013 with completion of the apartment in 2015. JR Capital was responsible for
structuring the deal and raising the equity from a consortium of its Middle East institutional and
private clients.

26 Apr 2013