Resolution makes Notting Hill debut

Resolution Property has acquired the 0.6-acre canal-side former home of reggae label Trojan Records in Notting Hill, W11, for its first development in the area.

Resolution will pay £18m for the Old Gramophone Works site, and plans to create a 100,000 sq ft mixed-use hub.
It comprises 60,000 sq ft across four buildings, including Lulu Guinness and Popkorn Television.

Resolution is working up plans to develop and enhance the site to create a hub for creative, media and digital businesses and independent retailers, together with loft-style upper floor apartments.

Resolution Property principal Jacob Loftus said: “This acquisition marks the next phase in our continuing programme of market-leading developments for the creative and digital sectors.

“We are taking our experience in Soho, Shoreditch and Whitechapel into a new area, creating cutting edge workspaces and loft living for the next generation of creative businesses. The location, on the Grand Union Canal, will allow for the creation of an exciting waterside scheme, delivering canal-side dining, living and working.”

Plans are expected to be submitted in the next three months.

Hanover Green advised Resolution Property on the acquisition, while GVA Grimley advised the private vendor.

posted on: Mar 23 2015 | posted by: admin