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February 11, 2014
Top Five Prime Central London Property Developers
London’s developers have been busy looking to match and surpass the expectations of the global and domestic elite who choose to call super prime London home.
Khalil and Kane has put together a summary of the top five property central London property developers who have made their mark in prime central London locations. We have considered:
(1) their ability to create a unique identity and brand as developers;
(2) the quality of their developments;
(3) their innovativeness within the sector; and
(4) their ability to deliver quality and luxury across multi unit schemes
1. Candy and Candy
‘One Hyde Park’, need we say more. Though there is much more to Candy & Candy’s impressive portfolio than this ground breaking development in terms of both its offering of luxury and its price achievements, the development has set the benchmark for other super prime central London developers to follow.
Candy & Candy have been active on the market since 1999 and were pioneers in prime London property development sector. Over the last decade they’ve set the standard for luxury property and their name alone commands a significant premium developing a brand both synonymous with luxury and style. The brothers behind the group, Nick Candy and Christian Candy, have recently announced they will be offer the Candy & Candy name on license for luxury schemes around the world, following in the footsteps of Donald Trump.
Key projects include:
- One Hyde Park
- 21 Chesham Place
Development Spotlight: One Hyde Park.
Marketed as ‘ the world’s best address’, One Hyde Park has certainly attracted purchasers looking for the ultimate in luxury in the UK’s capital city. One Hyde Park is the first European residences at Mandarin Oriental. Candy & Candy, were the exclusive interior designer for all communal areas and the base build for each apartment.
In December 2013 it was reported that a 5-bedroom property on One Hyde Park sold for £26.9 million (£6,400psf). In 2010 it was also reported that one of the penthouse apartments sold for £140 million (£7000psf), setting a new record for the London property market.
21 Chesham Place Interior
One Hyde Park Lobby Area
One Hyde Park Exterior – Hyde Park Frontage
Finchatton, founded by Andrew Dunn and Alex Michelin, celebrated their 10th birthday in 2013, and they’ve come a long way since their launch, establishing themselves as a leading player in prime central London property development.
They have an increasing following and are commanding high premiums across their projects, with their most recent development on Basil Street, The Lansbury, in London’s Knightsbridge, achieving a penthouse sale for £1 million over the asking price within just 24 hours of launch and selling out completely within 3 months.
Finchatton have been extremely successful in creating an identifiable but bespoke character to each project completed to date.
In London and (also across the globe), Finchatton focus on exclusively on super prime locations and they have achieved extensive coverage following their acquisition of 20-21 Grosvenor Square which is one of super prime London’s most anticipated development projects.
Key projects include:
- Montpelier Hall, Knightsbridge
- The Lansbury, Knightsbridge
- 20-21 Grosvenor Square, Mayfair (due for completion 2016)
Development Spotlight: The Lansbury
The Lansbury is a luxury development in Knightsbridge in a prime location. Like One Hyde Park, also in Knightsbridge, The Lansbury offers the ultimate in luxury living with the services, quality of design and attention to detail that you would expect. However, this is a boutique residential development with only six properties available, adding to the exclusivity of the project. The Lansbury achieved in the region of £4500psf for the penthouse.
Montpelier Hall Interior
3. Heron International
For over 50 years Heron International has developed more than 160 commercial buildings, in over 9 key global cities as well as developed, invested in and managed a wide range of prime office, residential, leisure, hotel and mixed-use developments in the UK and Europe.
Gerald Ronson is the Chief Executive who founded the Heron Group in 1956, the company now known as Heron International Plc, initially building in the South of England. He was also involved in the introduction of self-service petrol stations in the UK and is an active businessman with a number of charitable interests and an interesting business profile and history.
They make the list because of the superbly executed “The Heron”, which was the first major residential development in the City of London for decades due to severe restrictions on residential planning use in the borough. The group also has a waterside development located at Millbank named Riverwalk in the pipeline.
Key projects include:
- Riverwalk, SW1
- The Heron
Development Spotlight: The Heron
The Heron is a 36 floor residential tower being built in the City of London, the first residential development in over 30 years in this area. The apartments and penthouses offer luxury New York style city living and is one of the only residences that offer a walking commute to the City of London. Residents will are also membership to The Heron’s private Club and roof garden.
Properties at The Heron are currently achieving prices in the region of £1450psf
Riverwalk, SW1: Architectural Impression of Exterior
The Heron Example Interior
The Heron Lobby Area
Riverwalk Lobby Area
Northacre have been active for over 20 years and they are well established in the London property market having designed and developed over £1.5 billion of prime residential projects. The founders come from an architectural background and recently acquired the interiors business Intarya.
Northacre have been involved in numerous large development schemes including Observatory Gardens and Kings Chelsea. They work predominantly within the framework of existing period structures, though Vicarage Gate, a forthcoming project, involves a knock down and new build.
They’re key projects include:
- The Lancasters
- The Phillimores
- Vicarage Gate (forthcoming)
Development Spotlight: The Lancasters
The Lancasters is on the North side of London’s Hyde Park and has a total of 77 luxury apartments. The Lancasters was a joint venture with Minerva plc and the development offers owners the ultimate in luxury with views of Hyde Park, concierge services and superb facilities.
The Lancasters has achieved £3800psf for an impressive unit in the development setting a new record for the vicinty.
The Phillimores interior
The Phillimores Exterior
The Lancasters Spa
5. Native Land
Founded in 2003, Native Land specialise in luxury residential and mixed-use developments in Prime Central London. They started out by developing smaller office to residential conversion schemes in Belgravia and Chelsea.
Their first major multi-unit scheme was Neo Bankside designed by Rogers Stirk Harbour and Partners. Following this scheme, which is located in Southwark, the developer is becoming more focused to acquiring sites in Prime Central London. Since 2009 they have acquired £175 million of development land and now have over 1 million sq ft in the planning and development pipeline.
Key projects include:
- Waldron House
- Montrose House
- Neo Bank Side
- 30 Old Burlington Street (Forthcoming)
- Cheyne Terrace (Forthcoming)
- Campden Hill (forthcoming)
Development Spotlight: NEO Bankside
Located next to Tate Modern on the South side of the Thames, this development has 217 luxury apartments and penthouses. It’s just a short walk to the City of London via the Millennium Bridge. Features include 24 hour concierge, wine cellar and private landscaped gardens.
Neo Bankside has achieved sales at £2000psf setting a record for the South Bank and Montrose House sales have achieved over £2600psf.
Montrose House Exterior
Waldron House Interior
Neo Bankside Interior and View