Chevron Apartments

London SE1

The Opportunity

30,000 sqft office in SE1; legislative changes allowing permitted development of conversion to residential.

Strategy

Acquire building and obtain permitted development or full planning for conversion to residential over artists’ studios.

Implementation

Obtained permitted development of 34 apartments. Engaged renowned architects, CZWG, to maximise value through efficient and trendy scheme. Employed branding agency, Hudson Fuggle, to create “buzz” around the development and drive sales.

Results

IRR: 28%
Time in planning process: 2 months (permitted development)