First Base in partnership with Savills Investment Management have received resolution to grant planning consent from Merton Council for a £70 million mixed-use development in Earlsfield, SW18.
First Base, will transform the 1.92 acre industrial estate into a new hub for co-working, the first major offer in Earlsfield. With capacity for up to 240 jobs, the space will cater for small and growing businesses providing modern collaborative workspace, events spaces and a new café.
Alongside the workspace will be 129 new homes, a mix of apartments and houses, located next to the River Wandle; and minutes away from acres of greenery and nature trails.
Merton Planning Committee praised First Base for the ‘exceptional design quality” and for the “innovative approach to workspace”. Members also commented that the plans will be a “welcome addition to the local area”.
Barry Jessup, Director at First Base, said: “We are delighted that Merton Council support our plans and were so impassioned about the design quality and the creation of a new neighbourhood. Like all our schemes, we welcome the opportunity to regenerate a forgotten piece of our city and deliver homes and jobs to enable the area to thrive”.
James Whidborne, Director at Savills Investment Management, said: “This is a great reflection of First Base’s hard work and a key milestone for PLRDF 2 our second London development fund. Across both funds we’ve now successfully secured five planning consents and a development pipeline of over 600,000 sq.ft. ”
JLL advised on planning. Cratus Communications and Four Communications undertook community engagement.