In QuotedData’s morning briefing 10 March 2023:
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Workspace Group (WKP) has sold the residential component of the Riverside mixed-use redevelopment in Wandsworth, London, for £53.95m, in line with its September 2022 valuation (£43.95m is payable immediately with the remaining £10m payable in March 2024). Workspace initially secured planning consent for 402 residential units and a 153,000 sq ft business centre in December 2020. In September 2022, a planning amendment was approved to increase the number of residential units to 433. The redevelopment will be delivered in six phases, with the residential element including a range of one-, two-, three- and four-bedroom apartments, and 30% affordable housing. Workspace will construct a major new business centre, providing 153,000 sq ft of net lettable space and comprising a mixture of ground floor light-industrial space and five storeys of workshop and commercial space.