Fairview New Homes has acquired the former Territorial Army Centre in Holloway N7.

Fairview New Homes completed the corporate acquisition of ‘Parkhurst Road Limited’, the SPV which owns the 1.4 acre site on Parkhurst Road in Holloway, 800m from Holloway Road Underground Station and in close proximity to the amenities of Islington’s Upper Street, Highbury and Tufnell Park.

The site has not been occupied by the Territorial Army since 2013 and has been subject to two refused planning applications, two failed appeals and an unsuccessful High Court challenge.

Fairview propose to submit a new planning application in early 2020.

Jon Spring, Main Board Land Director commented: “We are delighted to have acquired Parkhurst Road Ltd which will ultimately lead to us being able to develop both private and affordable homes in this exciting area of London. Despite this being our fifth acquisition this year we still remain keen to buy sensibly priced land in the right locations over the coming months.”

Savills acted for the vendor JP Morgan.