We have been appointed to provide due diligence services and to project monitor Ecoworld / Ballymore’s JV ‘Project Ace’ development portfolio.
The portfolio is made up of three London sites with a gross development value of around £2 billion and comprising 3,000 residential units and 250,000 square feet of commercial, leisure and office space.
The three schemes are Wardian at Arrowhead Quay in Canary Wharf, Phase II of London City Island in Canning Town, East London and Phase II of Embassy Gardens in Battersea’s Nine Elms site in South London.
Ballymore signed a deal in 2015 to develop the three projects through a joint venture with Eco World Investment Co, a specialist property investment company based in Malaysia.
Wardian will feature two high rise, residential towers next to Canary Wharf. The waterside development will house over 750 residential units in two towers of 50- and 55-storeys, together with retail, leisure and café facilities.
London City Island is a new 12-acre, island-style development being created on the Leamouth Peninsula, where the Thames meets the River Lea. Phase 2 of the mixed use scheme will provide a total of 1,145 residential units together with retail and leisure facilities, cafes, bars and restaurants, office space, waterside parks, exhibition space. Phase 2 will incorporate the relocation of the English
National Ballet and London Film School.
Embassy Gardens is located within the Nine Elms regeneration site at Battersea. Phase 2 of the 2,600,000 square feet mixed-use development, situated next to the new US Embassy, will provide close to 900 new homes, office space, retail and leisure space and a new linear park linking Vauxhall with Battersea Park.