The AmCap Re Greater London Fund is pleased to announce the completion of a new block deal for units in one of London’s most prestigious developments.

The deal is for twelve (12) newly completed residential units in the Legacy Buildings of Embassy Gardens, being the centrepiece of the Nine Elms redevelopment scheme in Battersea. The project was built as a JV between EcoWorld and Ballymore, with the Legacy units designed by Luis Bustamante. The development surrounds the US Embassy near the river and its amenities include two gyms, a spa, offices and board rooms, an events room, a cinema, an indoor pool and the infamous sky pool. Embassy Gardens is a five minute walk from the new Nine Elms underground station, 10 minutes to Vauxhall Station and will eventually benefit from the Nine Elms footbridge, bringing Chelsea and the King’s road even closer.

This deal represents a great Private Rental Sector opportunity and extends our foothold in the Prime Central London market.

Skypool

Interior

Bathroom interior

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The AmCap RE Greater London Fund has recently submitted its planning proposal in respect of 269 & 271 Green Lanes in Palmers Green.

The properties were purchased by the fund in June 2021 and are currently comprised of two small office buildings at the front and a 700 sq m parking area at the rear. The development proposal involves the conversion of the office units to 6 flats and the erection of a new 3-storey block of 6 flats along with associated landscaping at the rear. All units in the new block will have private outdoor space.

The properties were purchased for £1.8m, the projected cost of development is £1.5m and the estimated GDV is £4.5m. The transaction represents a good value-add investment for the fund in line with the shift from office to better living space.

Front View

Rear View

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