Henley Investments Secures a Strategic Riverside Site in Fulham for a £300m Residential and Logistics Development.
Henley Investment Management has successfully acquired the Albert and Swedish Wharf sites in Fulham, marking a significant milestone in its ongoing expansion within London’s prime real estate market. The two-acre site, located by Wandsworth Bridge on the north bank of the River Thames, will be transformed into a mixed-use development, combining residential and logistics spaces, with a total projected value of £300 million.
This landmark acquisition, a key part of Henley’s strategy to capitalise on prime, underutilised locations in London, has been made possible through a joint venture with a global investment partner. The project, which has already received planning approval from the London Borough of Hammersmith and Fulham, is poised to become a flagship development in Henley’s portfolio.
Transforming Fulham’s Riverside
The development will feature a state-of-the-art 55,000-square-foot last-mile logistics facility strategically positioned to serve London’s growing demand for efficient urban logistics solutions. The project will include 276 new apartments, offering a mix of studio to four-bedroom units. Of these, 35% will be designated as affordable housing, including social and intermediate rent options.
The residential buildings, ranging from six to seventeen stories, will provide residents with prime riverside views, each unit featuring a private balcony or terrace. The development is designed with sustainability at its core, incorporating passive energy measures, a fifth-generation heat network, and initiatives to enhance land and marine biodiversity.
A New Era for the River Thames
The project also includes the creation of a new operational wharf, reflecting Henley’s commitment to revitalising the River Thames as a key transportation route.
Ian Rickwood, Chief Executive of Henley Investment Management, said:
”The River Thames has huge untapped potential for handling light freight, and utilising the river more will help ease congestion and reduce pollution across London. The development will completely transform this part of the riverfront, and the continuation of the Thames Path will create riverside access for new residents and the existing community.
In addition to residential and logistics facilities, the development will enhance the local area by including a café or restaurant in the upper courtyard, offering scenic views along the extended Thames Path.
Looking Forward
Construction on the Albert and Swedish Wharf development is expected to commence early next year, with completion anticipated in 2026. This project represents a significant step forward in Henley’s mission to deliver high-quality, sustainable developments in key urban locations.
Rickwood added:
”Working with our new joint venture partner represents a tremendous boost to the scheme and is a real signal of the confidence and conviction in this exciting project. London is crying out for both sustainable new homes and employment space in prime locations, and this development boldly ticks all these boxes.
Henley Investment Management continues solidifying its reputation as a leader in innovative and sustainable urban developments, with the Albert and Swedish Wharf project set to be a cornerstone of its future growth strategy.
12th July 2024
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