A new residential development joint venture has launched with plans to build a £40m Rolfe Judd-designed waterside apartments scheme in Hayes (near the new Crossrail station), and there are “more projects in the pipeline”.
The Southern Grove, Hurlington and Bmor partnership has acquired a one acre former industrial site on Silverdale Road, UB3, where it intends to build 100 one- to three-bed homes. A planning application is expected to be submitted in the Summer of 2016, and there are also plans afoot to acquire more sites in the area to deliver a phased development.
Last July, resi/hotel specialists Southern Grove, in partnership with Sol Zackay’s Topland Group, acquired a retail block 104-110, The Broadway, West Ealing, W13, and submitted plans for a £70m residential and retail scheme.
Jamie Feldman, a former banker at Merrill Lynch leads Hurlington. It focuses on developing high spec resi-led schemes across London and has partnered with some of the largest names in the industry including Galliard Homes and U+I (formerly Development Securities). Its current and completed projects deliver a GDV in excess of £400m.
Bmor, which has partnered with Hurlington on other residential schemes, specialises in the procurement, development and sales of boutique London residential schemes. Its team has been involved in all aspects of the real estate sector from large scale fund advisory and consultation, to construction & development, planning to asset management and divestment.
Andrew Southern CEO of Southern Grove: “This new joint venture magnifies the strengths of our constituent parts and creates a formidable team with really strong investment finance, development, sales and construction capabilities. The JV is delighted to be involved in delivering this key town centre regeneration project on the new Crossrail route.”