Camden Council has selected Ballymore and Lateral as joint development partners following a procurement process, which began in May 2023. The scheme spans 3.56 acres across two council-owned sites at 120-136 Camley Street and 3-30 Cedar Way and will bring significant residential and commercial opportunities to the borough.
The project will include the construction of 350 homes, of which 170 will be affordable, alongside more than 200,000 ft of commercial space designed to attract industries such as life sciences, technology, and digital enterprises. In addition to housing and commercial development, the plan incorporates public spaces, retail and dining options, improved pedestrian and cycling pathways, and affordable workspace for startups and SMEs.
Richard Beckingsale, Co-Head of the Real Estate Sector at Gowling WLG, led the legal team advising Ballymore. Richard commented: "Working on behalf of Ballymore, we have been delighted to support the successful bid by the Ballymore/Lateral joint venture for this opportunity and look forward to seeing this scheme built out in the coming years. The team included property lawyers, Jimmy Wheeler, Graeme Berry and Gurjeet Bahra, as well as Micky Yang and Owen Shave in the firm's indirect Real Estate team."
Anthony Hunt, Co- Head of Corporate Real Estate at Howard Kennedy said:, "We are delighted to have supported Lateral Partners again on the successful bid for this project alongside Ballymore. It offers an exciting opportunity for Camden Council to deliver an innovative mixed- use scheme, including living and life sciences, as part of its regeneration development programme in the area. We look forward to working with all the parties to deliver a successful completion. The team at Howard Kennedy included corporate real estate legal director, Stephanie Brigg and construction and development lawyers, Najma Dunnett and Ahmed Mian."
The joint venture will now work closely with Camden Council and the local community to refine development plans, with a formal planning application expected in the second half of 2025.
Gowling WLG has dedicated development and regeneration teams in the UK and act for a wide range of developers, funders and local authorities. The broad spectrum of asset classes we deal with means our expertise advising on residential, mixed-use schemes and regeneration sites is unparalleled.
Howard Kennedy's development expertise is a core part of the Real Estate team, advising throughout each stage of the development life cycle from transactions, planning, funding and asset management, with a seamless service to meet clients' commercial objectives.
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