Approximate Total Project Value: £24m
Borough: Tower Hamlets
Vendor: London Borough of Tower Hamlets
Bluecroft unconditionally purchased this 1970’s Old Boiler house and yard from London Borough of Tower Hamlets through Cushman & Wakefield.
Bluecroft overcame a number of technical planning challenges most noticeably the chimney stack in close proximity to the national rail lines and contamination due to an old fuel tank bund which used to hold oil.
Planning has now been approved for a 58 new build loft style apartments.
Practical completion is targeted for January 2020.