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First site for London Square

publication date: Sep 5, 2011
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New residential developer, London Square, has begun construction on its first development in Wimbledon Village, London, SW19, just half a mile away from the world famous All England Lawn Tennis Club.

The site at 115 The Ridgway, which is just under 1.2 acres, is the former home of the Ursuline Marie Reparatrice Convent, and occupies a prime position alongside Wimbledon Common Preparatory School and opposite King’s College School.

London Square has entered into a development agreement with Spencer Phoenix to build the £30 million scheme. The site has planning permission for a gated development of ten semi-detached and detached family homes, all set within mature landscaped grounds with parking. The selection of traditional and contemporary design properties will range in price from £2.5 to in excess of £3.75 million and the properties will launch for sale in spring 2012. Completion of the project is expected by summer 2012.

Adam Lawrence, chief executive of London Square, said, “Wimbledon Village is our first scheme and it sums up what London Square is all about – building on prime sites in outstanding locations within the M25, where there is significant, pent-up demand for new homes. Having launched as a new developer just six months ago, our land buying team has been very busy, and Wimbledon Village will be the first of several London Square developments to get started in 2011.”

London Square launched in June 2010 with £100 million of backing. The company’s plan is to reach a target of building over 600 new homes annually within the next five years, with the aim of becoming one of London’s top housebuilders.