The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Dish-up in a Brewery

04 December 2015 | Updated 01 January 1970

The Singapore-listed City Developments Limited (CDL), through its subsidiary Reselton Properties (Reselton), represented by Dartmouth Capital Advisors, has entered into contract for the acquisition of the £158 million freehold Stag Brewery land site in Mortlake, within the London Borough of Richmond upon Thames in south-west London.

Completion of the acquisition is expected to be finalised by the end of this week with the prospect of redeveloping the site into a new mixed-use development complete with a riverside residential belt .

Previously owned by AB InBev, the 22-acre site is right beside the River Thames and just 200m from the rapid overland train link to central London’s mainline station, Waterloo, making it an ideal commuting location. It is seen as having the benefit of an adopted planning brief that promotes a mixed- used scheme which will accommodate a major residential development, new school, hotel and other employment and leisure uses.

CDL believes it offers an opportunity to create a completely new riverside residential belt for Richmond with a new green parkland spine leading from the existing commercial centre of Mortlake to the Thames.

Reselton will begin the planning and consultation process for the redevelopment of the Stag Brewery site in early 2016 and planning approval is expected to be granted in Q1 2018 and undertaken in two phases.

“This latest acquisition is in line with our plans to step up CDL’s overseas diversification,” stated Kwek Leng Beng, Executive Chairman, CDL. “Greater London is a key focus for our UK real estate platform which we established in 2013.”
The Stag Brewery site, widely accepted as one of the best development opportunities on the River Thames, is CDL’s eighth acquisition in the UK with an investment that now totals £411 million.

Picture: Rolling out the Red Barrel – and rolling in a multi-use redevelopment at the once famous Stag Brewery

Article written by Robin Snow | Published 04 December 2015


Related Articles

New Office Space Addition to Victoria Nova Development 

The new n2 scheme will comprise 160,000 sq ft of office space in the West End. Real Estate company Landsec, who has worked on the regeneration of the Victoria area and...

 Read Full Article
Newly-Completed 77 Coleman Street Welcomes First Tenant

The new 83,000 sq ft office and retail development at 77 Coleman Street, London, EC2 is now complete. Kajima Properties, the London based property investor has...

 Read Full Article
British American Tobacco Considers Selling London HQ

British American Tobacco is considering selling its eight-storey Westminster headquarters, according to media reports.  The makers of Lucky Strike and Vogue...

 Read Full Article
Property Industry Offers Vacant Buildings For Key Workers

In an open letter to the Prime Minister, property professional bodies are offering vacant buildings to help support the country as it responds to the global...

 Read Full Article
Have Your Say – PropTech Survey

Share your views in the latest survey from GoReport, and shape the future of PropTech. If you work in the property sector this is your chance to contribute to the...

 Read Full Article
Vroom With A View - Bicester Plans Automotive Resort

Bicester Heritage has planned a 344-room hotel as part of an overall vision for a souped-up automotive resort on a former RAF site. The plans have been submitted for...

 Read Full Article
Wake-up And Smell The Coffee - Starbucks Takes LEED

Starbucks has just opened  the first-of-its-kind drive-thru in Yeading with new sustainable design features. The brand new store is LEED (Leadership in Energy and...

 Read Full Article
Hoxton Hub

International co-working developer, Areaworks, opened  its first site in the UK, in Hoxton, East London, on the evening of July 5. It brings a new way of working...

 Read Full Article
Property Price World Cup - England Fall At Final Hurdle

London’s West End has been ranked second most expensive office market in the world with the City of London back in the Top 10 - but which city keeps on giving a...

 Read Full Article
Is Retail Property Heading Down The Rabbit Hole?

How the disappearance of well-known retailers from the UK’s high streets is affecting the commercial real estate market - author of the Cass Commercial Real Estate...

 Read Full Article