Octagon Developments has acquired Hampton Court Estate, a 1.59-acre brownfield site located on Summer Road in Thames Ditton.
Full planning permission has already been granted to replace the existing commercial warehousing with 78 apartments and 3,000 sq. foot of commercial space. Eight of the units have been allocated as shared ownership homes.
The site has been earmarked as the location for the second development by Chancery Homes, Octagon’s upper mid-market brand.
Land Director Will Simons commented on the acquisition: “Arguably one of the most sought-after development opportunities in Surrey, the acquisition of the site wasn’t without its challenges. We had to overcome significant technical issues, local authority engagement and subsequent agreement with the Historical Royal Palaces with respect to the design. The resulting concept for the redevelopment of Hampton Court Estate is one that blends harmoniously into the surrounding streetscape and will offer a really exciting place to live.”
Arranged across three buildings, initial design concepts promise apartments of between 538 and 990 sq. ft, all with private balconies and access to private outdoor space and some with views of the historic Hampton Court Palace. Designs for two of the blocks also feature secure undercroft parking, large and landscaped communal roof terraces with full lift access to all floors.
Construction is expected to start in Autumn 2022.
Tim Banks, CEO of Octagon commented: “Purchasing such a significant site on our home turf, just minutes from the Octagon Head Office, is a major milestone for both Octagon and Chancery Homes. Our intention for Chancery Homes was always to build high quality homes for the middle market sector in attractive locations within good commuter distance of London. The acquisition of Hampton Court Estate aligns with this vision. Although Chancery Homes is a recent brand on the housebuilding scene, our reputation within the luxury housebuilding industry stands us in good stead – we are known for our quality and finish, and the emphasis we put on customer and after care service. This is the next chapter for Chancery Homes and provides us with the opportunity to create something truly remarkable for the mid-market sector.”
