The Blackmore Group has sealed the deal on a new residential development – 17 high-spec apartments in Stratford, E15, with an additional 3 units pre-sold to a housing association.
The residential block, with a gross development value of £9 million, has been bought by The Blackmore Group’s Real Estate Bond from developer Featherstone Homes.
The Leytonstone Road development is within a minutes’ walk from Maryland station, which will be refurbished ahead of the opening of the Elizabeth Line in 2018.
It’s also a 10 minute walk from Stratford International Station and Stratford DLR Station – getting commuters into Liverpool Street station in under 15 minutes.
Patrick McCreesh, Managing Director of The Blackmore Group, says: ‘We’re pleased to have completed on this pivotal acquisition for the Blackmore Bond, marking our first residential investment in the Greater London area. We’re also targeting more key locations for investment on commuter routes into Central London through our experienced property development arm.
‘These homes will have a unique modern design, offering people an excellent standard of living and first class travel links into Central London and beyond.’
The Blackmore Group were advised by Ricky Poonia of BNP Paribas Real Estate (BNPPRE) whose new homes team has been instructed to market the individual units for sale.