MARKET COMMENTARY Office | Residential

The investment's existing planning consent will provide unique penthouse accommodation in a core position in direct proximity to local amenities and transport links. In our opinion the existing consent provides an opportunity to achieve benchmark residential levels in Queens Park far in excess of existing values.

RESIDENTIAL

Queens Park has benefitted from strong capital growth in recent years with top residential values currently in the region of £800 per sq ft. Despite this, the area remains at a significant discount to Notting Hill and Maida Vale where top values are respectively in the region of £3,800 per sq ft and £2,000 per sq ft.

We believe this disparity is due in part to a lack of premium apartments within Queens Park, the majority of developments comprising refurbishments of period conversion or purpose built premises.