London Land Track Record 2020 - Knight Frank
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London Land Track Record 2020
T R ACK RECORD 2 02 0
Introduction
• £1.25 billion of transactions completed during the 2019/2020 financial year
• 48 land deals with sales in every London zone
• 47% year on year increase in total value transacted
2019 / 2020 was another successful financial year for Knight Frank’s Residential Development London Land team despite persistently
challenging economic and political conditions.
Following continued Brexit negotiations, the resignation and re-election of prime ministers and heightening geo-political tensions,
sentiment appeared to shift positively following the result of the general election towards the end of 2019. After several weeks of
encouraging market activity, Coronavirus and the accompanying lockdown restrictions sent shockwaves across the globe and have
brought the entire country and economy near to a standstill.
Despite the corollary effects of these events on the market, Knight Frank achieved a 47% year on year increase in the total value of land
transactions within the M25. Deals were completed in every London zone demonstrating the depth of our market coverage as well as the
strength and extent of our knowledge and expertise.
We expect the key themes of the last 12 months will continue to dominate the market over the coming year, including a focus from
developers and housebuilders on outer London boroughs with values within the Help To Buy threshold, demand for large consented sites
from Registered Providers and strong competition for opportunities with potential for planning gain. We also expect a return of activity in
the more prime central areas of London matching the increased demand we have seen by buyers for completed apartment and houses in
these localities.
We hope that our track record provides an overview of the extent of our expertise and ways in which we can work with you on potential site
opportunities. Please do not hesitate to contact a member of the relevant Knight Frank teams if you require any assistance.
Justin Gaze
Head of Residential Land
E: justin.gaze@knightfrank.com
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LO N D O N LA ND T R ACK RECORD 2 02 0
LAND CIT Y & EAST
Head of Land James Barton
Justin Gaze james.barton@knightfrank.com
justin.gaze@knightfrank.co.uk
Anna Isworth
anna.isworth@knightfrank.com
CENTRAL & NORTH
Anthony Kazan
anthony.kazan@knightfrank.com ACQUISITIONS
Katherine Harris Matthew Breen
katherine.harris@knightfrank.com matthew.breen@knightfrank.com
Mark Rogan Orlando Lloyd
mark.rogan@knightfrank.com orlando.lloyd@knightfrank.com
AF FORDABLE HOUSIN G
Rob Sheldon
rob.sheldon@knightfrank.com
SOUTH & WEST Paul Hawkey
paul.hawkey@knightfrank.com
Nick Alderman
nick.alderman@knightfrank.com
SENIOR LIVING
Tom Scaife
tom.scaife@knightfrank.com
Jack Copley
jack.copley@knightfrank.com
R E S I D E N T I A L C A P I TA L M A R K E T S Michael Karstel
michael.karstel@knightfrank.com
Nick Pleydell-Bouverie
nick.pleydell-bouverie@knightfrank.com Charles Anslow-Wilson
charles.anslow-wilson@knightfrank.com
Guy Stebbings
guy.stebbings@knightfrank.com
Harrison Collins
harrison.collins@knightfrank.com INSTITUTIONAL PROPERT Y
Lloyd Wraith Emma Cleugh
lloyd.wraith@knightfrank.com emma.cleugh@knightfrank.com
Peter Wyatt Sam Van de Velde
peter.wyatt@knightfrank.com sam.vandevelde@knightfrank.com
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Land Justin Gaze justin.gaze@knightfrank.com Anthony Kazan anthony.kazan@knightfrank.com James Barton james.barton@knightfrank.com Nick Alderman nick.alderman@knightfrank.com James Keegan james.keegan@knightfrank.com Katherine Harris katherine.harris@knightfrank.com Mark Rogan mark.rogan@knightfrank.com Anna Isworth anna.isworth@knightfrank.com Matthew Breen matthew.breen@knightfrank.com Orlando Lloyd orlando.lloyd@knightfrank.com
LO N D O N LA ND T R ACK RECORD 2 02 0
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55 Broadway, St James’s Park, SW1H The London Studios, Southbank, SE1
Postcode SW1H 0BH Postcode SE1 9LT
Date September 2019 Date November 2019
Price c.£120,000,000 Price c.£145,000,00
Sale / Acquisition Sale Sale / Acquisition Sale
Vendor TfL Vendor ITV
Purchaser Integrity International Group Purchaser Mitsubishi Estate
Description TfL’s headquarter building extending Description ITV’s headquarter building extending to
to c.184,621 sq ft NIA above a ground floor retail mall. c.261,198 sq ft NIA on a 2.5 acre riverside site. Sold with
Sold with planning permission for 112 residential units planning permission for a mixed use scheme including
with ground floor retail. 213 residential units.
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LO N D O N LA ND T R ACK RECORD 2 02 0
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41 Cheval Place, Knightsbridge, SW7 29 Kensington Gardens Square, Bayswater, W2 Homebase, North Finchley, N12 Former St John’s Church Hall, Friern Barnet Lane,
Whetstone, N20
Postcode SW7 1EW Postcode W2 4BG Postcode N12 0DA
Date June 2019 Date April 2019 Date December 2019 Postcode N20 0ET
Price £2,350,000 Price £4,000,000 Price c.£25,000,000 Date October 2019
Sale / Acquisition Sale Sale / Acquisition Sale Sale / Acquisition Sale Price Confidential
Vendor El Oro and Exploration Company Vendor Private Individual Vendor Aviva Sale / Acquisition Sale
Purchaser Private Individual Purchaser Private Individual Purchaser Redrow Vendor Dominvs
Purchaser Freedom Property Investments
Description Terraced mews property comprising Description Terraced period property extending Description 2.6 acre brownfield site sold with the
office space below a residential flat with a private to 6 storeys comprising 12 self-contained flats. benefit of positive pre-app feedback for 221 residential Description Unconditional sale of a church hall with
garage extending to a total of c.2,068 sq ft GIA. Sold without planning permission. units with ground floor retail. positive pre-app feedback for 20 residential units.
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LO N D O N LA ND T R ACK RECORD 2 02 0
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2 Pitt Street, Kensington, W8 Sovereign Gate, Richmond, TW9 Chiswick High Road, Chiswick, W4 Southall Community College, Southall, UB1
Postcode W8 4NX Postcode TW9 2NA Postcode W4 5TF Postcode UB1 1DP
Date May 2019 Date April 2019 Date October 2019 Date February 2020
Price £7,560,000 Price £9,750,000 Price c.£30,000,000 Price £4,200,000
Sale / Acquisition Sale Sale / Acquisition Sale Sale / Acquisition Sale Sale / Acquisition Sale
Vendor Private Individual Vendor Met Police Vendor Lendlease Vendor West London College
Purchaser Private Individual Purchaser Planehouse Purchaser GME Purchaser ASG
Description Low rise semi-detached house Description 0.21 acre site comprising a 1980’s five Description 1 acre site with detailed planning Description Part disposal of a 1 acre site sold on
with a wide south facing garden with potential for storey office building extending to c.22,331 sq ft NIA. permission for 137 residential units plus up to an uncondtional basis with development potential
significant extension. 7 retail units with car parking comprising a total of for a variety of uses.
151,503 sq ft GIA.
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LO N D O N LA ND T R ACK RECORD 2 02 0
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13
Stuart Forbes associates
architecture masterplanning and design
144 - 156 Uxbridge Road - Looking East (Alternative Massing) - Phase 2 Concept
11 12 13
5-17 Haverstock Hill, Chalk Farm, NW3 144 – 156 Uxbridge Road, Hanwell, W7 Ermyn House, Ermyn Way, Leatherhead, KT22
Postcode NW3 2BP Postcode W7 3TB Postcode KT22 8UX
Date August 2019 Date August 2019 Date January 2020
Price £17,000,000 Price £6,450,000 Price £40,000,000
Sale / Acquisition Sale Sale / Acquisition Acquisition Sale / Acquisition Acquisition
Vendor Marcol Vendor Elemento Group Vendor ExxonMobil
Purchaser OD Group Purchaser Mizen Purchaser Confidential
Description 0.51 acre site comprising a multi-storey Description Acquisition of a 0.38 acre site with Description HQ office building let to Esso and
car park with full planning permission for 77 residential planning granted for a 43 unit mixed use scheme Premium Credit Limited across 21.4 acres with
units above ground floor retail. in Hanwell. underlying residential development potential.
12 13
Residential Capital Markets Nick Pleydell-Bouverie nick.pleydell-bouverie@knightfrank.com Guy Stebbings guy.stebbings@knightfrank.com Harrison Collins harrison.collins@knightfrank.com Lloyd Wraith lloyd.wraith@knightfrank.com Peter Wyatt peter.wyatt@knightfrank.com
LO N D O N LA ND T R ACK RECORD 2 02 0
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14 15 16
One Brompton, South Kensington, SW5 Lion House, Mayfair, W1J Wellesley Court, Twickenham, TW2
Postcode SW5 0LJ Postcode W1J 5JR Postcode TW2 5TF
Date May 2019 Date May 2019 Date June 2019
Price c.£20,000,000 Price £7,000,000 Price c.£9,300,000
Sale / Acquisition Acquisition Sale / Acquisition Sale Sale / Acquisition Confidential
Vendor Thackery Estates Holding Ltd Vendor NKN Vendor Confidential
Purchaser Confidential Purchaser Private Investor
Description Forward purchase of 190 senior living
Description 18 newly developed residential Description A residential building comprising 6 units within a wider residential led masterplan.
apartments with bespoke design by Argent Design self-contained residential apartments and a garage/
extending to c.9,504 sq ft GIA. storage room arranged over 4 floors extending to
c.3,500 sq ft NSA.
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Project 24 (Westbourne House and The Priory), TW1 Salway Place, Stratford, E15 Clarendon House, Kew, TW9
Postcode TW1 4AS Postcode E15 1NB Postcode TW9 3HD
Date September 2019 Date June 2019 Date November 2019
Price c.£16,000,000 Price c.£10,750,000 Price £5,600,000
Sale / Acquisition Sale Sale / Acquisition Sale Sale / Acquisition Sale
Vendor Confidential Vendor Confidential Vendor Confidential
Purchaser Confidential Purchaser Confidential Purchaser Confidential
Description Freehold sale of a block of 24 residential Description Freehold sale of a block of 38 Description Freehold interest in two residential
apartments extending to c.16,136 sq ft NSA. self-contained residential apartments extending buildings comprising of 16 apartments totalling
to c.18,670 sq ft NSA. c.12,000 sq ft GIA.
18 19LO N D O N LA ND T R ACK RECORD 2 02 0
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Bell Yard, Holborn, WC2A Atlas Ground Rents, EC1V 19-21 Grosvenor Gardens, Belgravia, SW1W
Postcode WC2A 2JR Postcode EC1V 1AW Postcode SW1W 0BD
Date October 2019 Date December 2019 Date December 2019
Price c.£15,000,000 Price £5,000,000 Price £6,600,000
Sale / Acquisition Confidential Sale / Acquisition Sale Sale / Acquisition Sale
Vendor Confidential Vendor Confidential Vendor Confidential
Purchaser Confidential Purchaser Confidential
Description A newly developed property comprising
of 12 flats extending to c.10,590 sq ft GIA. Description Ground rent disposal of 309 Description A Grade II listed building in Belgravia
residential units. comprising of 7 self-contained apartments extending
to c.4,473 sq ft NSA.
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32 Lansdowne Crescent, W11 4 Cheniston Gardens and 10 Wrights Lane, Brymore Portfolio
Kensington, W8
Postcode W11 2NT Postcode N/A
Date December 2019 Postcode W8 6TQ Date November 2019
Price £7,000,000 Date March 2020 Price c.£37,000,000
Sale / Acquisition Sale Price £5,500,000 Sale / Acquisition Acquisition
Vendor Confidential Sale / Acquisition Sale Vendor Confidential
Purchaser Confidential Vendor Confidential Purchaser Confidential
Purchaser Confidential
Description A Grade II listed building arranged as Description An acquisition of 35 assets
5 separate apartments extending to c.3,937 sq ft GIA. Description A mixed use investment comprising comprising 183 residential units extending to a total
of 8 apartments and a retail unit extending to bof c.175,000 sq ft GIA.
c.5,894 sq ft GIA.
22 23Affordable Housing Rob Sheldon rob.sheldon@knightfrank.com Paul Hawkey paul.hawkey@knightfrank.com
LO N D O N LA ND T R ACK RECORD 2 02 0 26 28 27 26 27 28 32-42 Buckingham Palace Road, SW1W Cross Lane, Hornsey, N8 Building 1A, Ashley Gardens, N17 Postcode SW1W 0RE Postcode N8 7SA Postcode N17 9LJ Date December 2019 Date January 2020 Date March 2019 Price Confidential Price £5,800,000 Price £29,400,000 Sale / Acquisition Sale Sale / Acquisition Sale Sale / Acquisition Sale Vendor The Grosvenor Estate Vendor Dominus Advisory Vendor Berkeley Square Developments Purchaser Octavia Purchaser Paragon Asra Purchaser London Borough of Haringey Description Forward commitment S106 disposal Description Forward commitment S106 disposal Description Forward fund S106 disposal of 104 of 23 intermediate rent flats. of 21 affordable housing apartments of mixed tenure. affordable rent units. 26 27
LO N D O N LA ND T R ACK RECORD 2 02 0 29 31 30 29 30 31 83 Barchester Street, E14 Earlsfield Riverside, SW18 Building 3 Southbank Place, Shell Centre, SE1 Postcode E14 6BE Postcode SW18 4RL Postcode SE1 7NW Date March 2020 Date March 2020 Date April 2019 Price £16,000,000 Price £6,125,000 Price £16,694,000 Sale / Acquisition Sale Sale / Acquisition Sale Sale / Acquisition Sale Vendor Canary Wharf Group Vendor Earlsriver Limited Vendor Braeburn Estates Purchaser London Borough of Tower Hamlets Purchaser Paragon Asra Purchaser Notting Hill Genesis Description Forward commitment S106 Description Forward commitment S106 of Description Forward commitment S106 of of 115 social rent units. 22 mixed tenure affordable housing units. 98 intermediate rent affordable housing units. 28 29
Senior Living Tom Scaife tom.scaife@knightfrank.com Jack Copley jack.copley@knightfrank.com Michael Karstel michael.karstel@knightfrank.com Charles Anslow-Wilson charles.anslow-wilson@knightfrank.com
LO N D O N LA ND T R ACK RECORD 2 02 0
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Homebase, New Zealand Ave, Walton-on-Thames, KT12 Harefield Road Retail Park, Uxbridge, UB8 Royal Warwick Square, Warwick Road, Kensington, W14
Postcode KT12 1XA Postcode UB8 1JS Postcode W14 8FN
Date July 2019 Date March 2020 Date May 2019
Price Confidential Price Confidential Price £300,000,000
Sale / Acquisition Acquisition Sale / Acquisition Sale Sale / Acquisition Acquisition
Vendor British Land Vendor Canada Life Vendor St Edward
Purchaser Guild Living (Legal & General) Purchaser Guild Living (JV between M&G Real Estate and The Berkeley Group)
Purchaser Riverstone Living (Goldman Sachs)
Description A retail site extending to 2.51 acres. Description Retail park let to Wickes & Halfords across
Acquired unconditionally, off market, with potential for a 2.32 acres with residential development potential. Description Forward purchase of 190 senior living
200+ unit senior living scheme. units within a wider residential led masterplan.
32 33LO N D O N LA ND T R ACK RECORD 2 02 0
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The Residential Investment Research team at Our Student Accommodation Survey in partnership There’s a human element in the world of expert and globally connected. As a partnership,
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achieve greatest overall impact.Important notice. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent or any other person has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). Plans, Maps and Computer Generated Images (CGIs): CGIs used in this document are for indicative and illustrative purposes only. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. None of the services or appliances have been tested and no warranty is given or is to be implied that they are in working order. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names. November 2019 knightfrank.co.uk Connecting people & property, perfectly.
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