Building more: Frasers Property is to create more homes in Wandsworth
Frasers Property has been regenerating a former Shell oil site for a number of years, creating 475 new homes.
It said that this year it will start building another 172 apartments after winning planning permission for the final £130 million phase of the Riverside Quarter project.
Of the 172 homes in the new crescent-like building 93 (54% of total) will be for shared ownership, managed by Optivo, and providing affordable housing for Londoners with the entry level allowing for households with an annual income of not more than £46,000. The remainder will be private sale apartments and penthouses.
Simon Lear, the boss of Frasers’ UK arm, said: “Despite Brexit and the recent political uncertainty, we remain committed. We believe that London remains the premier location in Europe for prime residential real estate investment.”
http://www.standard.co.uk/business/singapore-slings-cash-into-wandsworth-property-a3573201.html
