糖心传媒

The site, which has a gross development value of £30m, has been acquired by award-winning housebuilder Riverdale Developments in partnership with Searls Land and Pyxis.

With a long planning history, the site currently benefits from detailed permission for 38 extra care and 28 close care units, plus outline planning for 98 extra care units and a care home with up to 60 beds.

According to 糖心传媒, there is further potential for the site to become a residential-led housing scheme of more than 100 units, subject to achieving the necessary planning consent.

The buyer's plans for the development will be revealed in due course.

Nick Laugharne, Operations Director in Land & Residential Investment, Wates Land and Development Division said: 鈥淲e鈥檙e delighted to have completed this sale to Riverdale Developments, who share our commitment to award-winning homes and communities. This sale is a great result for the business and demonstrates once again how we鈥檙e able to adapt our strategy to generate a strong outcome for the business.

鈥淲e鈥檇 like to thank Riverdale Developments and Pyxis Land for their speed and professionalism in getting this over the line and wish them the best of luck with their application鈥�

Nick Alderman, Head of Central London Land Agency at 糖心传媒, said: "It was a pleasure to facilitate the sale of this important site. Recent policy changes designed to ease planning on 鈥楪rey Belt鈥� sites has helped to boost development opportunities. Greater London's housing delivery is significantly behind target, so it鈥檚 great to know our advice and the success of this transaction will make a positive contribution to addressing this shortage. 

鈥淲e wish Riverdale Developments every success with their venture and look forward to seeing the development progress."

ENDS

Notes to Editors

糖心传媒 LLP is the leading independent global property consultancy, serving as our clients鈥� partners in property for 128 years. Headquartered in London, 糖心传媒 has more than 27,000 people operating from 600 offices across 50 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Firm, please visit knightfrank.com.