Birmingham developer takes £1bn leap into London

Birmingham-based property investment group SevenCapital has announced plans to expand into the London residential market with a £1bn investment.

The company, founded in 2009 by Bal Sohal and Damien Siviter, is moving forward with several projects across London, including developments in Kensington, Islington, and the Isle of Dogs.

Subject to planning consents, the projects will deliver over 1,000 new homes, many in newly built or converted heritage buildings.

The first of these projects, a £500m residential scheme at 100 Kensington, has already received planning approval for 462 homes and is currently under construction.

The development will feature a mix of 276 market sale apartments and 186 affordable homes, along with amenities including a 15,000 sq ft leisure facility, concierge service, retail and office spaces, and a podium garden.

The former Victoria Hospital building will be converted into flats

SevenCapital is progressing with plans for Klein’s Wharf in the Isle of Dogs, which will bring 375 new homes to the area.

The development is currently in the planning phase and will include 40% affordable housing and offer dual-aspect water views over the Thames and the Millwall Outer Dock.

The site will also feature a riverside café, community hub, and extensive public space.

Also in the works is the £210m Archway Campus project in Islington, a redevelopment of a former Victorian hospital building.

SevenCapital plans to convert the historic buildings into 178 new homes, with more than half of them designated as affordable housing.

The scheme will also include student accommodation and flexible commercial space.