14/03/2014

Shepherd Construction Secures ‚£15.6 Million Holland Park Contract

The contract, granted by Redrow London, will see the construction of 41 luxury private apartments and nine affordable and shared apartments at the prestigious205 Holland Park Avenueaddress.

Demolition works on the existing property are substantially complete and Shepherd is preparing the site for an imminent start on the building works.

The development will be a mixed-use scheme of five linked pavilions, rising from four to ten storeys. In addition to luxury apartments with dual aspect views, 8,500 sq ft of artist studios will be situated on the ground floor level, with residents benefiting from a basement car park.

Mark Tant, Shepherd Construction’s regional managing director, said, “This is a significant win for us. This contract further cements our position at the forefront of the residential construction market, helping our clients to realise their investment and vision.

“It is the latest in a string of substantial residential and mixed use contract wins for Shepherd Construction over the last nine months, including the £64m development ofCapitol Way, Colindale, and the £43m transformation of Spring Mews, Vauxhall.”

The contract for the 19,165 sq m mixed-use Spring Mews development in Vauxhall was awarded to Shepherd Construction by CLS Holdings Plc in June last year, for the design and build of the £43 million scheme comprising accommodation for 400 students, a 93-bed hotel, office space, leisure facilities and a community centre. Completion of these works is scheduled for September 2014.

The mixed-use redevelopment onCapitol Way, Colindale in Brent, was granted to Shepherd Construction in July 2013 on behalf of Royal London Asset Management and Kitewood Development Partner.  It includes 379 apartments, split across four six-storey buildings, 60,000 sq ft of retail units at ground floor level, as well as a basement car park with more than 450 parking spaces.

Mark Tant adds, “We have a proven track record in delivering this type of high-end, quality development both here inLondonand elsewhere in the country.

“TheLondonluxury housing market has not only avoided the economic downturn but has thrived; year on year high-end housing accounts for four to five per cent of construction in the city. As is evident from our recent contract wins, Shepherd Construction is proud to play its part in the continued strength of this sector.”

Ross Hammond, Production Director, Redrow London, said: “This contract is an important milestone for205 Holland Park Avenueand marks the beginning of a new chapter for the scheme.

“We are looking forward to working with the Shepherd Construction team to build much needed new homes in a sought after corner of the Capital. “