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05/06/2009
Developer gets legal go-ahead for penthouse scheme |
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A property developer in London has secured the planning permission required to develop a former commercial premise into flats.
Tycoon Christian Candy received the go-ahead from Kensington & Chelsea council to transform Kingsgate House on the King's Road into 49 penthouses and apartments, the Evening Standard reports.
A spokesman for the firm noted that 14 of the flats are to be classed as "affordable housing" - part of the proposal that helped to secure the green light for the move.
Those keen on developing residential property in west London may wish to take on the services of Ealing or Westminster lawyers to help prepare their plans and advise them on commercial property law.
The commercial property market in London has seen a new investment this week by the government of Oman, which has bought a 75 per cent stake in Hammerson's Bishops Square property in Spitalfields in the City of London.
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