This Week's London Deal Sheet: Singaporean Developer Gets £1.3B Mortlake Go-Ahead
The Deal Sheet is a weekly compilation of Greater London and beyond's biggest leases, sales, financing deals, construction updates and personnel moves. Have news you’d like to submit? Email mark.faithfull@bisnow.com.
Singaporean developer Reselton has won its planning appeal on the £1.3B residential-led mixed-use scheme on the old Stag Brewery site, designed by architect Squire & Partners, in Mortlake, south-west London.
Reselton Properties, a wholly owned subsidiary of Singapore-listed City Developments Ltd, advised by Dartmouth Capital Advisors, has proposed a scheme comprising 1,068 homes in a mix of one-to-four-bed units, with a minimum 7.5% affordable housing, a 1,200-pupil secondary school academy, retail space, offices and 9 acres of green space.
The battle to win planning consent has taken 10 years after Reselton bought the site in 2015 and has finally achieved planning consent on appeal following three different iterations of the scheme, each referred to the Greater London Authority and turned down.
“Our client bought the site with the benefit of a planning brief from Richmond Council, the spirit of which our architects Squire & Partners have followed faithfully, and yet it has taken 10 years to obtain a planning consent,” Dartmouth Capital Advisors Development Director Guy Duckworth said in a statement.
DEALS
Long Harbour has acquired 105 single-family homes in Newhall, Harlow, from housebuilder Vistry Group through a forward-funding structure.
The 105 homes form part of the Newhall master plan comprising 2,135 units, with the first handover taking place in April 2026. As part of the plan, two on-site community hubs have been developed, as well as a primary school and nursery.
The acquisition was made on behalf of Long Harbour’s latest single-family housing fund, which recently secured a £300M seed equity commitment from South Korea’s National Pension Service. Long Harbour is seeking to execute an initial deployment target of up to £600M on SFH assets, including forward-funded, forward-purchase and existing assets.
The fund has a total target raise of £1.2B and is acquiring new-build homes across the UK, with a focus on the south and south-east of England.
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Tristan Capital Partners has finalised the acquisition of budget hotel chain EasyHotel in a deal worth approximately €196M, made through Tristan Capital's discretionary fund, European Property Investors Special Opportunities 6.
The acquisition includes 81% of the shares from EasyGroup as well as the 17.4% held by founder Sir Stelios Haji-Ioannou, which brings the total valuation of EasyHotel to €242M.
EasyHotel operates across 11 countries, including the UK, Spain and Germany, and it is expected to further expand with several hotels set to open in Spain, including properties in Alicante, Barcelona, Madrid and Valencia.
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Barings has completed the sale of four logistics assets in Bristol, Daventry, Warrington and Nottingham in an off-market deal to joint venture partners Copley Point Capital and Sixth Street for about £100M.
The Bristol property comprises two logistics units totalling approximately 329K SF, the property in Daventry comprises a 239K SF warehouse, the asset in Warrington totals 129K SF, and the Nottingham property is a 113K SF warehouse on Sherwood Business Park.
Barings was advised by Acre Capital Partners. Cushman & Wakefield acted for Copley Point Capital and Sixth Street
FINANCE
Greykite European Real Estate Fund I has entered into a partnership with Martley Capital Group, marking the launch of the UK division of Lagerhome, Greykite’s multilet industrial platform.
Simultaneously, the partnership has acquired an industrial estate in Milton Keynes, one of three target markets for the platform, alongside Sweden and Germany.
Greykite launched Lagerhome in April with the purchase of a Swedish portfolio. The platform is targeting €1B of investment in the next 18-24 months.
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Firma Partners has provided financing for the redevelopment of 90 Sloane Avenue, supporting Tribeca Holdings in converting the site into a six-storey, 24-unit luxury residential scheme with a flagship retail unit on the ground floor.
The existing five-storey building comprises 20 residential apartments situated above a ground-floor retail space occupied by fashion retailer Joseph. Tribeca Holdings has submitted a planning application to the Royal Borough of Kensington and Chelsea. It already owns London assets, including 431-451 Oxford Street, Old Spitalfields Market, and is one of the largest landowners in Brompton Cross.
PLANNING
BNF Capital and Morgan Real Estate have submitted planning for the “comprehensive repositioning” of their 19 Charterhouse Street project in Farringdon, London.
The 60K SF existing building spread across five-plus storeys will be redeveloped into 85K SF of office space alongside 8,500 SF for retail and jewellery units. Architect DSDHA has designed the building to achieve NABERS five-star, BREEAM Outstanding, WiredScore and WELL Platinum designations.
BNF and Morgan acquired the property in January 2023 from Derwent London in an off-market transaction.
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Hub and Bridges Fund Management have secured planning approval for a new mixed-use development at Pines Way in Bath. Designed by JTP Architects, the scheme will include 275 build-to-rent homes and 179 shared/co-living homes alongside shared amenities and landscaping.
The currently derelict site will also see six new flexible commercial spaces totalling more than 11,800 SF and more than 65,700 SF of publicly accessible space.
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Developer HB Reavis is consulting on plans to transform an office building at 10 Leake Street, by Waterloo Station, into purpose-built student accommodation in the company’s first step into the UK’s student housing market.
PLP Architecture is designing the project, and HB Reavis said that it aims to deliver a sustainable building targeting BREEAM Excellent certification. The development will offer a mix of studios and shared accommodation, with communal areas on each floor and 10% of units accessible. The scheme will integrate renewable energy systems, low-carbon technologies and cycle storage.
PEOPLE
Pan-European platform Lysara, which is focused on developing and operating fleet charging and parking infrastructure, has appointed Scott Parsons as its new CEO. Parsons has spent more than a decade in senior leadership roles at Unibail-Rodamco-Westfield and Land Securities.
Lysara was created when GreenPoint consolidated ownership of the legacy Infinium Logistics business and contributed an existing 44-asset real estate portfolio to seed the integrated platform.
Backed by an initial £340M commitment from GreenPoint Partners, founded by Chris Green, former global head of real estate at Macquarie, Lysara is developing a mix of operational car parks with retrofitted EV charging and new ground-up sites near logistics hubs.
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Railpen, manager of the £34B railways pension scheme in the UK, has appointed Parminder Singh as development director in its property team. Singh has joined with immediate effect to lead delivery of Railpen’s major property developments in London and across the UK, with a particular focus on Cambridge.
Singh has more than 20 years’ experience leading the development of schemes including the Greenwich Peninsula with Lendlease and prime residential, office and five-star hotel development with Clivedale London. He has also served as head of UK development for Temasek subsidiary Mapletree Investments and, most recently, head of development in the UK for Nan Fung Life Sciences Real Estate.
