Track record
Redevelopment of York Road, Battersea
Lookers Plc
Instructed to maximise the redevelopment potential of a VW site
Disposals & Acquisitions
Development Consultancy
Market Demand Analysis
Service
Residential
Automotive & Roadside
Industry
The project
Rapleys was instructed by Lookers plc to maximise the redevelopment potential of the former Dovercourt VW site, Battersea, whilst providing a new generation VW dealership.
Rapleys’ development team appointed and led a project team that includes in-house town planning and investment specialists, together with other consultants including architects and lawyers.
The team undertook a detailed development feasibility survey, which formed the basis of a mixed-use Master Plan. The scheme included in excess of 120 apartments in three blocks over circa 90,000 sq ft, 3 storey VW dealership.
The principles of development were negotiated with Wandsworth Borough Council and successfully included in the Borough’s site specific allocations policy document for mixed-use development.
The scheme was fully evaluated by the team and used as an indicative proposal upon which developers were invited to bid.
Our solution
- Rapleys selected Linden Homes to progress a planning application for 174 apartments and a modern VW dealership. Linden appointed Rapleys to submit the planning application
- Once planning consent was granted the flying freehold for the residential element was sold to Linden for £18m and Linden constructed the new VW Dealership for Lookers plc. Rapleys’ Building Consultancy team monitored the build on behalf of Lookers plc
- Lookers plc put in place a 25 year lease on the dealership and the freehold of the entire building, subject to the lease, was sold for £28m.
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