UK REAL ESTATE ACQUIRES LANDMARK KING’S CROSS REDEVELOPMENT SITE

June 12, 2006

Nick Capstick-Dale’s UK Real Estate, advised by DE & J Levy, has acquired The Lighthouse at the junction of Grays Inn Road and Pentonville Road, a key redevelopment site in King’s Cross, London from P&O Developments for £3.9 Million.

The purchase of the 27,500 sq ft (2,555 sq m) development site further consolidates Capstick-Dale’s holdings in the King’s Cross area, where work on his £14 million Courtyard Theatre scheme in nearby York Way will start in August.

The Lighthouse site has planning permission (subject to a section 106 agreement) for approximately 11,000 sq ft (1,021 sq m) of retail and restaurant accommodation at ground floor and basement levels with an additional 16,500 sq ft (1,532 sq m) of offices on the three upper floors. This in addition to further retail and residential units planned by UK Real Estate on the site. Work on the £16 million scheme is expected to begin in January 2007.

Nick Capstick-Dale of UK Real Estate says: “The Lighthouse occupies a landmark position in the King’s Cross area, one of the most important regeneration projects in central London, and will provide first-class accommodation in a highly visible and accessible location. It is probably the highest profile island site in King’s Cross”.

DE & J Levy’s Roger Sharpley adds: “The ongoing renaissance of King’s Cross has led to a substantial increase in demand for restaurant, retail and leisure accommodation and these two schemes will provide high-quality, prominent accommodation.”

The nearby Courtyard Theatre site in York Way has planning for a mixed use development that will include eleven residential apartments, a rooftop bar, a 7,000 sq ft (650 sq m) ground floor restaurant/bar and a 220 seat theatre/cinema development, which will provide London with its first newly built theatre for several years.

DE & J Levy has been retained as letting agent on both schemes.

-ends-

For further information please contact Porterfield Public Relations, the commercial property public relations specialist.

+44 (0)20 7647 4420

Latest News

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

HR OWEN AGREES TURNKEY DEAL WITH ARLINGTON AT HATFIELD BUSINESS PARK

March 23, 2021 - 11:27

Arlington has agreed a freehold turnkey deal with luxury and supercar dealer HR Owen Plc for a new showroom at Hatfield Business Park, Hatfield, Hertfordshire. Arlington has sold a five-acre plot to [...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR