REDEVELOPMENT ROAD, BATTERSEA The project
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CASE STUDIES
Rapleys was instructed by Lookers plc to maximise the redevelopment potential of the former Dovercourt VW site, Battersea, whilst providing a new generation VW dealership. Rapleys’ development team ap- pointed and led a project team that includes in-house town plan- ning and investment specialists, together with other consultants in- cluding architects and lawyers. The team undertook a detailed de- velopment feasibility survey, which formed the basis of a mixed-use Master Plan. The scheme includ- ed in excess of 120 apartments in three blocks over circa 90,000 sq ft, 3 storey VW dealership. The principles of development were negotiated with Wandsworth Borough Council and successfully included in the Borough’s site spe- cific allocations policy document for mixed-use development. The scheme was fully evaluated by the team and used as an indicative proposal upon which developers were invited to bid. Our solution • Rapleys selected Linden Homes to progress a planning applica- tion for 174 apartments and a modern VW dealership. Linden appointed Rapleys to submit the planning application • Once planning consent was granted the flying freehold for the residential element was sold to Linden for £18m and Linden constructed the new VW Dealership for Lookers plc. Rapleys’ Building Consultancy team monitored the build on behalf of Lookers plc • Lookers plc put in place a 25 year lease on the dealership and the freehold of the entire building, subject to the lease, was sold for £28m.
LAMBETH ROAD, LONDON The Project
This scheme was a joint venture between Kontiki Travel and Net- work Rail to deliver a residential student scheme next to Lambeth Palace. Rapleys were responsible for: • Identifying the opportunity in the Network Rail estate. • Undertake feasibility appraisal and pre-application with Lam- beth Borough Council. • Agreeing the terms of the Joint Venture between Network Rail and Kontiki Travel. • Marketing the asset with the benefit of a pre-application. • Agreeing terms with Downing Student Housing developer for a 133 studio student scheme and Gym • Negotiating sale and leaseback of refurbished arches.
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