25th April 2018

Westbourne gets green light for Regent’s Park resi scheme

From Property Week | By Helen Crane | Wed 28 March 2018

Westbourne Capital Partners has achieved planning consent for a 28-unit residential scheme in Regent’s Park, as well as 42 affordable homes in St John’s Wood. The Regent’s Park scheme is a redevelopment of the grade I listed buildings at 1-18 York Terrace East, which Westbourne acquired from The Crown Estate for around £200m in January. It was formerly used as student accommodation by International Students House, from whom Westbourne acquired the short lease. Westbourne had initially sought planning permission for 13 houses on the site, but subsequently revised the scheme to provide more housing in line with Westminster Council’s wishes.

The St John’s Wood scheme is Chesterfield Lodge, a 42-unit scheme which will be delivered in partnership with the charity St Martins in the Fields Almshouses.

Johnny Sandelson, partner at Westbourne, said: “Our initial plan for 13 houses was seen by the council as providing too few homes, and consequently we revised the scheme to provide 28 residential units. By doubling the number of units we have complied with the councils ambitions, and by building these affordable homes we have cooperated fully with Westminster’s strategy for delivering affordable homes in the borough.”

25th April 2018