Solum Regeneration, the joint venture between Kier Property and Network Rail, has sold its remaining interest at Twickenham Gateway to a private real estate investment firm Meadow Partners.
Upon completion of the deal, Meadow Partners will own the final two residential blocks B and C, as well as the commercial element, which contain 82 residential units, 4 retail units, 69,072 sq ft.
The whole development offers 121 new quality 1, 2 and 3-bedroom homes.
It has been built on surplus railway land and supports the central government target for high density residential development around transport hubs and reducing pressure on the surrounding greenbelt.
In addition to the residential units, the development forms part of a wider scheme to deliver £8.5m of infrastructure improvements, including a brand-new landmark station building, improved platform access and a public plaza.
Tim Shaw, Head of Solum said: “We are pleased to announce this sale is now complete. Whilst block A and B have reached practical completion, block C is currently on site, due for completion in March 2022. The entire development brings a new lease of life to Twickenham with residents being able to access great transport links, retail and leisure. The location also has a riverside walk linking the town centre to Moormead Park for the benefit of the local community and improved crowd management on Twickenham Stadium event days.”
Steve Peggs, Development Director, Network Rail Property commented: “The Twickenham redevelopment is already delivering meaningful improvements and opportunities for growth in the Twickenham area, by not only providing major station upgrades to ensure it is fit for passengers, but also delivering much-needed housing and facilities for the community. Securing the deal with Meadow Partners is an exciting development and the investment will no doubt provide further value to the area in the future.”
Solum was advised by JLL and Cushman and Wakefield.