Crossharbour Residential Development, London
This 11 acre site, located close to Canary Wharf, has the opportunity to be a significant mixed use development valued in excess of £420,000,000.
- A short walk from Canary Wharf in the east of London, the area has witnessed significant residential growth over recent years with residents either working in the area or making use of the great transport links to the rest of London.
- The transaction involved the acquisition of a majority stake in Ashbourne Beech Property Limited BVI, which controls the development rights over this prime 11 acre site in one of the last remaining undeveloped strategic sites in the Docklands area.
- The site currently comprises an ASDA supermarket and parking. Subject to planning approval, this regeneration project will provide for the development of a new supermarket, additional retail space and mid-level and affordable residential units with a gross development value in excess of £420,000,000.