SevenCapital, a UK property investment, development and management group, has unveiled details of a £1 billion expansion into the London residential market.
It kicks off with three major pipeline projects in Kensington, Islington and the Isle of Dogs providing, subject to planning consents, over 1,000 new homes including newly built and converted heritage buildings.
Of the three pipeline projects, the first 100 Kensington, a new £500 million residential development providing 462 new homes, has planning consent, the other two projects are currently in the planning process, with Klein’s Wharf in the Isle of Dogs, providing 375 new homes, and the £210 million Archway Campus in Islington, comprised of 178 new homes of which over 50% are affordable.
Across the consented schemes and those in the planning pipeline, SevenCapital expect to add an increased concentration of mixed-use development and more than 10,000 residential units to the company’s UK portfolio over the next five to seven years.
SevenCapital was founded in 2009 by Chairman Bal Sohal and Group Managing Director Damien Siviter and has a £2.1 billion portfolio of completed and pipeline projects. The group’s initial projects in Birmingham and the Midlands include the flagship St George’s Urban Village and adjacent Kettleworks in the Jewellery Quarter, providing apartments and townhouses.
To deliver 100 Kensington a strategic partnership has been established between SevenCapital and MARK, a pan-European real estate investment manager with significant Central London expertise and a portfolio of major projects in the capital’s best addresses.
With an architectural masterplan by John McAslan & Partnersand detailed design by Corstorphine & Wright, 100 Kensington is located on a 1.7 hectare site and will provide 462 new homes, including 276 market sale apartments and 186 affordable homes complete with a 15,000 sq.ft. leisure facility, concierge, 25,000 sq.ft. retail and office premises and a podium garden.
Located off Westferry Road on the Isle of Dogs, fronting onto the River Thames, Klein’s Wharf is currently in planning with proposals to provide 375 newly built homes across threebuildings, including 40% affordable homes.
The wharf is adjacent to the Millwall Outer Dock giving the homes on the upper floors the advantage of dual aspect water views over the Thames and dock basin.
The proposals for the scheme include a riverside café, a flexible multi-use community hub and over 50,000 sq.ft. of green-led public realm with new public access from Westferry Road to the River Thames.
On a 1.47 hectare site off Archway Road in Islington, overlooking Archway Park, the Archway Campus is centred on a Victorian hospital building.
Built between 1877-79 the landmark complex has a main and side wings with grand Gothic-Revival architectural features including pointed arches,finials, lancet windows and hood moulds.
In 1998 the site was sold by the NHS to the Middlesex University and University College London and it became the Archway Campus, a medical training ground for students. In 2014 the campus was sold to Peabody and after being vacant for over a decade it was acquired by SevenCapital who devised proposals and submitted a planning application in late 2024.
Restoration lies at the heart of SevenCapital’s vision for the site. The proposals will refurbish the key historic buildings and redevelop the remainder of the site to deliver 178 newly built and converted homes, 51% of which will be affordable. The scheme will include student accommodation in a new building providing 242 student rooms alongside flexible commercial/community space.
New and improved public realm and green space will be provided through extensive landscaping along with a new public square designed to be a focal point and key attraction for visitors.
SevenCapital has created a highly tailored product for 100 Kensington with apartment details including bespoke designherringbone flooring, kitchens with a unique design by KWB London, along with custom design wardrobes and luxurious bespoke design bathrooms
Damien Siviter, Group Managing Director of SevenCapitalsays: “SevenCapital is a growing UK real estate group focusedon delivering vibrant communities and sustainable schemes that enrich the lives of those who live and work there.
“We are recognised specialists in urban regeneration creating high quality residential and mixed-use developments. After building our presence in Birmingham and the Midlands we are now broadening our operations and expanding into London and the South East.
“Robustly planned and designed our new London developments will benefit from our exemplary track record withover 15 years of continuous deliverance.”
