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Acquisition Increases Mount Anvil's Islington Presence

Mount Anvil has acquired another prime development site in Islington.

The 1,660 sq m scheme in Pear Tree Street, with a gross development value of £20 million, has planning permission for 45 one, two and three bedroom apartments  -  28 for private sale and 17 affordable homes  -  with 354 sq m of fully glazed office space on the ground floor.

The contemporary design-led scheme is arranged around a communal courtyard garden and has a rooftop terrace for residents.  The five to six storey buildng will comprise textured brickwork with infill glazing, light-coloured render elevations, large windows and a combination of inset and protruding balconies.  The site in Pear Tree Street is in fashionable Clerkenwell, minutes from Old Street and Barbican tube stations.  This project will be delivered in May 2013.

Killian Hurley, Chief Executive of Mount Anvil, said:  "This latest Pear Tree Street acquisition is in line with our strategic focus on the inner London Boroughs.  Following the recent sales success of our award-winning Barnsbury Place development in N1, we are developing a major presence in the London Borough of Islington  -  with outstanding projects already under construction on Central Street, Seward Street and further north at Highbury Park in N5."