10 October 2018 ·
FAIRVIEW NEW HOMES ACQUIRES KEY SITE IN NEW MALDEN
Fairview New Homes has acquired a key site within the Royal Borough of Kingston-upon-Thames.
Located on Kingston Road the three acre (1.2 hectare) Homebase and former public house site offers excellent potential for a residential development for in excess of 250 new apartments in a sought after area.
Fairview has purchased the site unconditionally without planning permission, paying in excess of £22m.
The company will be presenting innovative plans to the local authority that compliment the mix of architectural styles and land uses in the area.
The facilities of Kingston town centre are close-by and there are two primary schools within easy walking distance.
With the A3 just a short drive away and three different railway stations within close proximity, transport access to central London is both convenient and excellent.
The site currently comprises a Homebase retail warehouse, which is scheduled to close during the coming year, together with a vacant former public house (closed Spring 2015), the Prince of Wales.
Fairview Land Director, Rhys Davies, said: “It is never healthy for a local area when sites become disused or their future is uncertain.
"We are delighted to acquire this site and provide a well-designed solution that provides much needed local housing.
"Fairview has the imagination and vision to make unconditional purchases such as this without unnecessary delays.
"Assembling a site with multiple owners always presents a challenge and we look forward to putting together a scheme that maximises the potential of the site both for residents and for the local community.”
Fairview New Homes was represented by Long & Co. while Strutt & Parker acted on behalf of Homebase and Savills sold the public house.
More information about Fairview New Homes is available by visiting www.fairviewnewhomes.co.uk