RE Capital gets the go-ahead for luxury Fitzrovia resi development
RE Capital has secured planning approval from Camden Council for a residential-led 12-storey scheme in London’s Fitzrovia.
The pan-European investment, development and asset management company plans to redevelop 52 Tottenham Street, W1, located just off Tottenham Court Road and near Goodge Street station.
The 5m-wide building will be redeveloped to provide four luxury apartments, including a quadruplex penthouse apartment with terraces in the heart of the West End, as well as affordable workspace on the ground and lower ground floors.
RE Capital has secured planning approval from Camden Council for a residential-led 12-storey scheme in London’s Fitzrovia.
The pan-European investment, development and asset management company plans to redevelop 52 Tottenham Street, W1, located just off Tottenham Court Road and near Goodge Street station.
The 5m-wide building will be redeveloped to provide four luxury apartments, including a quadruplex penthouse apartment with terraces in the heart of the West End, as well as affordable workspace on the ground and lower ground floors.
The building’s state-of-the-art sustainability credentials include the use of ground source heat pumps and smart building management systems to reduce carbon emissions, as well as generous outside amenity provisions.
DSDHA is the lead architect on the project, SM Planning is the planning consultant and Ensphere Group developed the sustainability aspects of the scheme. PBC acted as project manager.
Simon Banks, head of UK real estate at RE Capital, said: “52 Tottenham Street will be a striking addition to Fitzrovia, offering sustainable, luxury new homes with unrivalled vistas across London’s skyline. The planning committee approval adds to our 100% success rate of planning application approvals across our UK projects, a record of which we as a team are very proud.”
Newman Leech, chief executive of RE Capital, added: “This latest planning approval is a strong endorsement of our ability to recognise the potential of a site and set out plans that will maximise that potential, as well as our team’s ability to secure approval for complex developments.”
RE Capital’s other recent planning approvals include 7A, B and C Bayham Street, a 70-bedroom boutique hotel development in Camden; Vine Hill, a 153-bedroom hotel, residential and office development in Clerkenwell; and Greycoat Stores, a 75,000 sq ft mixed-use development in Victoria.
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Photos © RE Capital
