Contracts have been exchanged to purchase 34 London Road and 2-6 Whitworth Street, Manchester. The proprty holds numerous options for redevelopment, including construction of a new 330 bed hotel, subject to planning permission.
Contracts were exchanged for the land purchase for a scheme to provide 92 units of student accomodation at 21-25 South Lambeth Road, Vauxhall, London. The construction contract has been awarded to Multibuild (part of the Balfour Beatty Group) with works on site due to commence in November 2011, and scheduled to complete in January 2013.
Planning Permission was granted by Cornwall Council on 11th January 2011 for the redevelopment of the former gas govenor site on Wharf Road, Penzance. The development consists of 16,200 sq ft of office space, 5,000 sq ft of retail space, a 60 bed Travelodge hotel, 14 luxury residential apartments, and associated car parking, totalling a gross development area of 66,101 sq ft.
Contracts were exchanged and completed on the forward sale of the 138 bed Travelodge development in Orchard Park, Cambridge to Staffordshire County Council Pension Fund. We have entered in to a build contract with Multi-Build / Balfour Beatty and works are due to commence on site late November 2010 with the construction scheduled to complete in July 2011