Real Estate Mogul Sean Mulryan's company, Ballymore, to construct numerous residential properties across London
Ballymore Transforms Edgware Town Centre with £1.7 Billion Investment
Ballymore, a leading property developer, has secured planning permission for a significant residential housing scheme in London's Edgware Town Centre. The project, worth an estimated £1.7 billion (€2 billion), aims to transform the area into a more vibrant, inclusive, and welcoming place.
The vision includes the construction of 3,365 new homes, with at least 1,150 being affordable homes (approximately 35%). 463 student accommodation units will also be part of the scheme. This development is expected to create over 1,400 full-time jobs and generate around £80 million in Gross Value Added (GVA) for the local economy.
Commercial and leisure space will more than double, expanding to approximately 460,000 sq ft. This expansion will include new shops, cafés, restaurants, and a new cinema. The plan also incorporates 11.9 acres of new green and open space, including opening access to the Deans Brook Nature Park, which was previously inaccessible for nearly 100 years.
Additional facilities include a new transport interchange with improved London Underground connections, plus 22,000 sq ft reserved for health and wellbeing services such as a new library and health clinic. Significant educational contributions are also part of the plan.
The development will prioritize pedestrians and cyclists with new walking routes and safer street layouts. Ballymore plans to relocate the existing bus garage underground beneath the housing, with stringent safety conditions to address concerns about electric bus battery fire risks.
The redevelopment of Edgware Town Centre is a joint venture between Ballymore and Places for London. Ballymore has acquired approximately 13 acres of land at Naas Racecourse for development, with the next review by the Greater London Authority and Mayor of London scheduled.
Sean Mulryan, the founder of Ballymore, expressed his enthusiasm for the project, stating, "Town centres and our local high streets are the beating heart of London's communities - by enabling their success we create opportunity for jobs, growth, connection, and foster pride of place."
[1] Planning Permission Granted for Edgware Town Centre Redevelopment [2] Ballymore Secures Planning Permission for £1.7 Billion Edgware Town Centre Redevelopment [3] Edgware Town Centre Redevelopment: What You Need to Know [4] Ballymore Pays €7.8 Million for Naas Racecourse Land [5] Ballymore to Submit Planning Application for Naas Racecourse Development
- The £1.7 billion investment by Ballymore, a leading property developer, will result in the construction of 3,365 new homes, including 1,150 affordable ones, and 463 student accommodation units in London's Edgware Town Centre, aiming to revitalize the area.
- The redevelopment plan also includes expanding commercial and leisure space to approximately 460,000 sq ft, creating new shops, cafés, restaurants, and a cinema, as well as 11.9 acres of new green and open space, with improved London Underground connections.
- The Edgware Town Centre redevelopment will also prioritize pedestrians and cyclists with new walking routes and street layouts, featuring additional facilities such as a new transport interchange, health and wellbeing services, a new library, a health clinic, and significant educational contributions.
