Out-Law / Your Daily Need-To-Know

CPC and Barratt London form joint venture for redevelopment of Sugar Quay

Out-Law News | 27 May 2014 | 3:06 pm |

Developer CPC Group (CPC) has formed a joint-venture with housebuilder Barratt London for the redevelopment of the Sugar Quay site on the north bank of the river Thames in London's EC3.

Planning permission to build a 165-home development on the site was granted to CPC by the City of London Corporation in September 2013. The 280,000 square feet scheme will comprise two linear blocks joined by a central link, a nine storey south block fronting the river Thames and an eleven-storey north block. The ground floor will provide space for shops, cafe and restaurant uses.

Barratt said in a statement that work on site is scheduled to start later this year, with completion expected in 2017.