Developer Redsky Homes logo.

Developer Redsky Homes logo.

2020

The Courtyard

Address:
18-19 The Mall, London W5 2PJ
Area:
Ealing
Local Authority:
Ealing
Type:
Mixed use
Flats:
22
Viewed:
572

Description of The Courtyard

The Courtyard at 18-19 The Mall is a residential-led mixed-use development in Ealing, London W5.

The 7-storey, mixed-use scheme comprises 22 residential units, as well as office and retail space on the ground floor.

The site is a short walk to Ealing Broadway station and in close proximity to several leading schools and outdoor spaces.

History

2020 April - Planning permission granted for the development of mixed-use redevelopment to provide a seven-storey building (with roof level) comprising 17 residential units and ground floor commercial floorspace (Use Class B1), together with excavation to provide basement level accommodating office space (Use Class B1a); change of use of existing ground floor restaurant (Use Class A3) fronting The Mall to retail (Use Class A1), various improvements to 18-19 The Mall to retain ground floor commercial use and surgery (Use Class D1) and an associated ancillary residential unit at first and second floors, reconfiguration and refurbishment work involving the replacement of the shopfront and new access to the rear building; provision of cycle parking, landscaped courtyard and refuse storage (following demolition of the existing single-storey rear building). Ealing Council ref. no. 191597FUL.

Connected Companies

Developer:
Development Finance:
Architect:

News: (1)

OakNorth Bank has completed a £6m loan to Redsky Homes to develop a new 7-storey, mixed-use scheme The Courtyard, comprising 22 new homes, as well as office and retail space on the ground floor.

The management team of Redsky Homes has decades of experience successfully completing several mixed-use schemes in and around London, including in Farnham Common, Slough and High Wycombe.

Tejinder Singh Sekhon, Managing Director of Redsky Homes, commented: “COVID-19 and the impact it’s had on working lives means demand for homes outside of London which are more likely to have outdoor space has shot up. However, many of London’s residents may not yet want or be able to relocate outside of the capital, so a home with a balcony or terrace is a good compromise. What’s more is that Ealing is in one of the best areas to live in London with great local schools and an abundance of nice parks. We’re therefore delighted to be bringing this new scheme to market and are grateful to the team at OakNorth Bank for supporting us. With another lockdown underway, many lenders are pulling back from the market, but Deepesh and the team were willing to look at our track record and experience of developing through multiple credit cycles and use this to inform its decision.”

Deepesh Thakrar, Senior Debt Finance Director at OakNorth Bank, said: “We know Tejinder and the management team at Redsky Homes very well. Between them, they have several decades of experience with this type of development, as well a market-leading in-house team with the aim to ensure projects get completed on time and within budget. The location of this development is strong, making it attractive to first-time buyers, as well as young families. We’re seeing growth in both the rental and freehold purchase market, so even if COVID-19 impacts demand in the buying market, there will still be clear demand from renters.”

10/12/2020 13:03 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

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