London, Stratford - Sugar House Lane
London – Stratford, Sugar House Lane
Client: London Thames Gateway Development Corporation, Greater London Authority & London Borough of Newham
Instruction: Local Authority Consultancy
Following a successful tender submission Chase & Partners secured instructions from the London Thames Gateway Development Corporation, Greater London Authority and London Borough of Newham to review and assess the viability of LandProp’s Strand East mixed use regeneration project on Sugar House Lane, Stratford.
Development proposals for the scheme span for approximately 10 years and comprise of approximately 200,000 sq m of residential and non-residential space which includes retail, office and workshop space, a hotel and up to 1,200 residential units along with the creation of new highways, bridges and public realm.
The development of the site at Sugar House Lane is an important component of the regeneration of the Stratford area, initiated by the 2012 Olympic Games and the development of Westfield Stratford.
Chase & Partners were the lead consultant as part of a consortium that included a residential specialist and quantity surveyors. We were required to review the development appraisal submitted alongside the planning application for the development and to consider whether the assumptions made by the applicant in terms of the scheme design and content, affordable housing and Planning Obligations Community Benefit Strategy (POCBS) contributions, were robust.
As part of the consortium we analysed the retail and commercial revenues and disposal strategy of the development as well as focusing on the market value of the scheme proposals including details of commercial rents, yields and incentives.
Our findings were incorporated into a development appraisal along with the residential and cost assumptions and included within our final comprehensive report which responded to all aspects of the instruction and presented to the client within the agreed timescale.
Outline planning permission was granted for the scheme on 16th July 2012.