xxx August 2022, London – RE Capital, the pan-European investment, development and asset management company, has secured Planning Committee approval from Camden Council for a residential-led scheme in Fitzrovia, London.
52 Tottenham Street, located just off Tottenham Court Road and near Goodge Street station, will be redeveloped to provide four luxury apartments, including a quadruplex penthouse apartment with terraces in the heart of the West End, as well as an affordable workspace on the ground and lower ground floors.
The building will benefit from state-of-the-art sustainability credentials, including the use of ground source heat pumps and smart Building Management Systems to reduce carbon omissions, as well as generous outside amenity provision.
52 Tottenham Street is only five metres wide and located in one of London’s most iconic neighbourhoods. The mixed-use scheme is the latest complex planning permission achieved by RE Capital, following previous successes at 7A, B and C Bayham Street, a 70-bed boutique hotel development in Camden; Vine Hill, a 153-bed hotel, residential and office development in Clerkenwell and Greycoat Stores, a 75,000 sq ft mixed-use development in Victoria.
RE Capital, which specialises in repurposing and redeveloping sites and buildings in some of Europe’s most cosmopolitan cities, into residential, office, hotel and logistics assets, announced earlier this summer that Yuan Sun had joined as head of UK residential development to spearhead its work in the build to rent and build to sell markets.
DSDHA is the lead architect on the project, SM Planning is the planning consultant, and Ensphere Group developed the sustainability aspects of the scheme. PBC acted as Project Manager.
Newman Leech, chief executive of RE Capital, said: “This latest planning approval is a strong endorsement of our ability to recognise the potential of a site and set out plans that will maximise that potential, as well as our team’s ability to secure approval for complex developments. Our experience, relationships and diverse skill set means we have a varied portfolio of assets in our target geographies, and we look forward to progressing 52 Tottenham Street alongside our ongoing London projects in Clerkenwell, Farringdon, Victoria and Camden.”
Simon Banks, head of UK real estate at RE Capital, said: “52 Tottenham Street will be a striking addition to Fitzrovia, offering sustainable, luxury new homes with un-rivalled vistas across London’s skyline. The planning committee approval adds to our 100% success rate of planning application approvals across our UK projects, a record of which we as a team are very proud.”
Masen Lintvelt, Project Manager at RE Capital added: “To achieve planning approval for a scheme of this height and complexity is testament to RE Capital’s expertise, the quality of the design by DSDHA and the efforts of the entire professional team.”