We acquired One Lampton Road in Hounslow in 2018 for £21.5 million in joint venture with funds managed by Europa Capital. The 122,000 sq. ft. mixed-use property comprised office and retail space, with permitted development rights to create 115 residential units.
We undertook the redevelopment and created new studios, one and two-bedroomed apartments. The apartments are generously sized, benefitting from large windows and lots of natural light. There is also a spacious reception and co-working area.
AddLiving marketed the scheme for rent to young professionals, attracted by the buzz and convenience of West London, but also the flexibility of renting in a high-quality scheme with on-site management and maintenance. Despite initially marketing the project in the middle of the Covid pandemic, AddLiving was able to maintain lettings at a rate of around 5 units per week. The block is now fully let and maintains a high level of occupancy.
