20 Nov 2023 | by May Agaran, REACT NEWS
Former office building to be converted into 487 build-to-rent flats
Peveril Securities, alongside development partner Marchmont Development Management (MDM), have obtained resolution to grant planning permission to redevelop Holland House in Bournemouth into a build-to-rent residential scheme.
The 82,299 sq ft former office building on Oxford Road in Lansdowne was acquired by the partnership from Fidelity UK Real Estate for £9.85m in 2021. Bray Fox Smith had acted on behalf of Peveril on the transaction.
Proposals for Holland House, which had previously obtained a PDR permission for 130 residential units, will provide 487 apartments house in a 29-storey tower. The units will be available in a range of one- to three-bedroom accommodations.
To be called Oxford Gardens, the masterplan for the building was designed by Jo Cowen Architects and will offer coworking space, a retail unit and a cafe as well as a new public square. Around 112 car park slots will be provided alongside 534 cycle spaces.
Nick Hornby, development director at MDM, said: “We are aware of the growing need for high-quality housing for young professionals in Bournemouth and we have worked very hard to tailor a scheme that meets this local need. We are exciting about moving to the next stage of this important development for
Chris Kirkland, director at Peveril Securities, said: “This is a significant milestone for the project, which will deliver much needed new homes in Bournemouth, while contributing to the regeneration of this area. It has been great to work alongside MDM on this project and we look forward to growing this relationship as we move to the next stage.”
Construction is anticipated to begin in April 2024 with MDM to continue consultations with the local community on the development. The project team for Oxford Gardens includes HGH, Cascade, Churchman Thornhill Finch, Elliott Wood, Hoare Lea, Landmark Trees, Quartz and Jo Cowen Architects.