Approximate Total Project Value: £18m
Borough: Tower Hamlets
Vendor: Family run cash and carry business
Bluecroft purchased this site for £4m direct from the owner who used the site for warehousing. We have delivered a detailed planning permission for 90 residential apartments. Together with our joint venture partners we managed to make this deal work despite holding it through the credit crunch period in 2008.
The scheme has been completed profitably.