Central Street, London EC1
In October 2009 Mount Anvil completed on a new development scheme at Central Street, London EC1 which has a development value of circa £109 million.
The two acre site has detailed planning consent for 274 homes, 170 of which will be for private sale. There will be a mix of 1, 2 and 3 bedroom apartments, in seven blocks ranging from 5 - 10 storeys, with the views from the upper floors expected to be outstanding. It also includes 4,500 sq metres of commercial space and a basement car park for 58 vehicles. Located equidistant between Old Street and Barbican tube stations, the site offers excellent transport links and is close to both the City and Clerkenwell.
In what is certainly one of the largest land deals in Central London at the moment, Mount Anvil and its joint venture partner, One Housing Group, together with their funders, Allied Irish Bank and Lloyds TSB Corporate Markets, are displaying their confidence in the project and in the residential market as a whole.
The vendor on Central Street was a subsidiary of Bee Bee Developments Ltd and the price paid for the land was £26 million. Demolition work started in October 2009 and the development has a completion date of June 2012.