Premier Construction News: Rooftop Development Attracts Strong Overseas Interest

Monday 29th April 2019

Two luxury penthouse apartments which have just been released for sale in the Vauxhall, Nine Elms & Battersea (VNEB) regeneration area of London, have attracted significant levels of interest from overseas investors and young professionals, bucking the belief that the prime residential market in the capital is in decline.

The two apartments have been delivered by airspace development specialist Click Above atop an existing three-story development of 16 apartments which form an exclusive gated community, known as Corben Mews, just off the Wandsworth Road.

Located on the fourth floor, the two penthouses boast breath-taking views of the London skyline and have been finished to a very high standard with versatile and adaptable features that include bi-folding floor-to-ceiling glass doors to maximise the view. Fully equipped luxury kitchens, with integrated branded appliances and stylish contemporary fixtures and fittings, as well as designer bathrooms with underfloor heating, ensure these apartments stand out from the crowd.

The single-storey extension was added to the existing building, with minimal disruption to the existing residents thanks to off-site, modern methods of construction that allowed for most of the build to take place in Click Above’s own workshop. The units were then lowered in to place by cranes over a single weekend.

As part of the project, a range of upgrade works, including refurbishment of the communal stairwells, has been completed to ensure that the existing tenants benefit from the enlargement of the development.

Speaking on behalf of Click Above, Managing Director Aaron Emmett, comments: “An already densely-developed city such as London often struggles to meet demand for new housing, yet the solution is there in plain sight: airspace.

“Whilst the UK has traditionally lagged behind many other international markets in its adoption of developing the airspace above existing buildings, what we’ve achieved here at Corben Mews and the interest which has been received from international investors, demonstrates the valuable – indeed vital – contribution this approach to housing can bring to stock levels.”

Click Above purchased the airspace above Corben Mews with planning permission already in place but was required to make a number of small adjustments to allow for modular construction that was used for the new penthouses. Aaron goes on to comment on the nuances of this approach to housing delivery:

“Developing in the airspace and utilising modern methods of off-site construction mean that special consideration needs to be paid to the logistics of any such project. Road closures, over-sailing during the crane lift, specialist structural surveys of the existing building and preparation of the roof to be developed on, are all vital steps and mean that this is a concept that requires dedicated specialists.

“That said, when carried out properly it really can appear to be a straight-forward concept. From appraisal and valuation through to planning and construction, the Click Above team goes above and beyond to deliver a higher level of professionalism, making the whole experience feel smooth and effortless. Indeed, the existing tenants at Corben Mews have all been surprised at just how easily the extension was delivered.”

The Corben Mews penthouses are currently being marketed by Hamptons, with apartment 17 (84 sq/m) costing £750,000 and apartment 18 (82 sq/m) £730,000. Off-street, secure parking is available to purchase for an extra cost.

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By Amy (Premier Construction News)

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