25 Sep 2018 07:00
25 September 2018
U and I Group PLC
Planning approved at Kensington Church Street
U+I (LSE:UAI), the specialist regeneration developer and investor, announces that at the Call In Hearing on 18 September 2018, the Mayor of London approved its joint venture residential scheme with Brockton Capital in the Royal Borough of Kensington.
When complete the new scheme will deliver 55 new homes, including 35% affordable, a medical surgery, office and retail space, helping address a shortfall in the borough. There will also be step-free access to the underground station making it more accessible for all travellers.
Matthew Weiner, Chief Executive of U+I, commented:
"We, alongside our joint venture partner Brockton Capital, are pleased with this decision which will contribute much needed affordable housing in the borough, as well as a more accessible station."
ENDS
For further information, please contact:
U+I
Nicola Krafft
+44 (0) 20 7828 4777
ir@uandiplc.com
Camarco (Financial PR Adviser)
Geoffrey Pelham-Lane / Tom Huddart
+44 (0) 20 3757 4985/4996
uandi@camarco.co.uk
About U+I
U+I is a specialist regeneration developer and investor.
With a £7bn portfolio of complex, mixed-use, community-focused regeneration projects including a £140m investment portfolio, we are unlocking urban sites bristling with potential in the London, Manchester and Dublin city regions. We exist to create long-term socioeconomic benefit for the communities in which we work, delivering sustainable returns to our shareholders.
To find out more, visit www.uandiplc.com or follow us @uandiplc