Birmingham investor-developer has appointed Savills, a team led by director Nina Coulter, and JLL, a team led by director Alex Carr, to head up SevenCapital’s £1bn expansion into the London market. Savills and JLL have been appointed as joint sole selling agents on SevenCapital’s first new London development, 100 Kensington, which will launch in Q4: 2025.
SevenCapital, a UK property investment, development and management group, has unveiled details of a £1bn (GDV) expansion into the London residential market, with three major pipeline projects in Kensington, Islington and the Isle of Dogs providing, subject to planning consents, over 1,000 new homes including newly built and converted heritage buildings.
Of the three pipeline projects, the first 100 Kensington, a new £500m (GDV) residential development providing 462 new homes, has planning consent, the other two projects are currently in the planning process, with Klein’s Wharf in the Isle of Dogs, providing 375 new homes, and the £210 million (GDV) Archway Campus in Islington, comprised of 178 new homes of which over 50% are affordable.
Across the consented schemes and those in the planning pipeline, SevenCapital expect to add an increased concentration of mixed-use development and more than 10,000 residential units to the company’s UK portfolio over the next five to seven years.
SevenCapital was founded in 2009 by Chairman Bal Sohal and group MD Damien Siviter and has a £2.1bn portfolio of completed and pipeline projects. The group’s initial projects in Birmingham and the Midlands include the flagship St George’s Urban Village and adjacent Kettleworks in the Jewellery Quarter, providing apartments and townhouses.
Combined, The Kettleworks and St George’s Urban village formed the largest residential regeneration in the city. Other Birmingham schemes include St Martin’s Place – the city’s first residential development to offer hotel services to residents, Fabrick Square and The Lansdowne. Now a leading name in the UK’s second city SevenCapital is expanding into London with 100 Kensington being the group’s inaugural large-scale residential development in the capital.
To deliver 100 Kensington a strategic partnership has been established between SevenCapital and MARK, a pan-European real estate investment manager with significant Central London expertise and a portfolio of major projects in the capital’s best addresses.
With an architectural masterplan by John McAslan & Partners and detailed design by Corstorphine & Wright, 100 Kensington is located on a 1.7 hectare site and will provide 462 new homes, including 276 market sale apartments and 186 affordable homes complete with a 15,000 sq.ft. leisure facility, concierge, 25,000 sq.ft. retail and office premises and a podium garden.
Located off Westferry Road on the Isle of Dogs, fronting onto the River Thames, Klein’s Wharf is currently in planning with proposals to provide 375 newly built homes across three buildings, including 40% affordable homes. The wharf is adjacent to the Millwall Outer Dock giving the homes on the upper floors the advantage of dual aspect water views over the Thames and dock basin. The proposals for the scheme include a riverside café, a flexible multi-use community hub and over 50,000 sq.ft. of high quality and green-led public realm with new public access from Westferry Road to the River Thames.
The historic industrial site was originally occupied by the vast Victorian-era Fenner’s Oil and Paint Refinery, founded by Nathaniel and Henry Fenner in 1856, which operated up until circa 1932, providing fuel and paint for the ships that berthed in London Docklands.
In 1998 the site was sold by the NHS to the Middlesex University and University College London and it became the Archway Campus, a medical training ground for students. In 2014 the campus was sold to Peabody and after being vacant for over a decade it was acquired by SevenCapital who devised proposals and submitted a planning application in late 2024.
Restoration lies at the heart of SevenCapital’s vision for the site. The proposals will refurbish the key historic buildings and redevelop the remainder of the site to deliver 178 newly built and converted homes, 51% of which will be affordable. The scheme will include student accommodation in a new building providing 242 student rooms alongside flexible commercial/community space. New and improved public realm and green space will be provided through extensive landscaping along with a new public square designed to be a focal point and key attraction for visitors.
As part of the expansion into London SevenCapital has worked with highly renowned award winning architects and designers in order to create a bespoke tailored product and a premium specification for the London marketplace.
For example at Archway Campus the architectural masterplan has been devised by Stirling Prize Winner (2022) Niall McLaughlin Architects, working alongside GRID, in order to ensure a sensitive conversion and modernisation of the heritage buildings. The new build elements have striking brick façades that complement the period buildings and deliver a high quality and well-designed scheme which responds to the heritage, local area and integrates with the town centre.
With 100 Kensington a collaboration has been undertaken with leading interior design practice Conran & Partners to design the layouts and specification of the apartments, creating striking interiors of which are inspired by Kensington architecture and cultural life.
SevenCapital has created a highly tailored product for 100 Kensington with apartment details including bespoke design herringbone flooring, kitchens with a unique design by KWB London, along with custom design wardrobes and luxurious bespoke design bathrooms
SevenCapital has worked with award winning landscape architects IDP on the creation of the podium gardens at 100 Kensington which are designed around a striking sculpture by renowned artist David Harbour. The classic English country garden landscaping includes ornamental planting, trees and seasonal gardens that change throughout the year offering a beautiful array of flowers and plants including geranium, cyclamen and lavender.
Damien Siviter, group MD of SevenCapital said: “SevenCapital is a growing UK real estate group focused on delivering vibrant communities and sustainable schemes that enrich the lives of those who live and work there. We are recognised specialists in urban regeneration creating high quality residential and mixed-use developments. After building our presence in Birmingham and the Midlands we are now broadening our operations and expanding into London and the South East. Robustly planned and designed our new London developments will benefit from our exemplary track record with over 15 years of continuous deliverance.”
James Moody, chief operating officer of SevenCapital, added: “Our expansion strategy in the London marketplace is focused on designing, creating and delivering wonderful new homes over a select number of high quality developments. Each scheme is unique and tailored for its location, offering buyers highly distinctive homes with a premium specification, exceptional quality and outstanding bespoke design. Later in 2025 we will launch 100 Kensington our first highly anticipated London development. The apartments will provide the market with a premium Kensington product.”
Read the orginal article: https://propertyindustryeye.com/estate-agencies-instructed-to-manage-developers-expansion-into-london/
