Luxury London developer Gracie Group has acquired the Stanmore Gardens site in north west London and now plans a £180m residential-led scheme.
The 2.58 acre site in Stanmore town centre was acquired from Notting Hill Genesis and adds to Gracie Group’s growing £550m London portfolio of residential and mixed-use projects.
Planning consent was previously secured for residential and retail uses on the site and positive pre-application discussions with the London Borough of Harrow and Greater London Authority have supported the opportunity for an enhanced mixed-use development.
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Gennaro D’Alo, Development Director of Gracie Group said: “Stanmore Gardens represents an exceptional opportunity to deliver a transformative residential-led development that will enhance the surrounding area.
“With our robust land fund and a £550m portfolio already under management, this acquisition underlines our ambition to invest in places with long-term potential and strong community value.”
from Construction Enquirer https://ift.tt/h9eScAL