Avanton acquires £45 million British Land site

The site is located on Manor Road in Richmond and currently comprises a low-rise retail store occupied by Homebase, Pets at Home and Pets4Vets. Avanton, in a joint venture with ICG-Longbow, proposes to transform the site into a mixed-use, residentially-led development. 
 
Omer Weinberger, Managing Partner, Avanton, said: “Richmond is a fantastic borough in which to grow our portfolio. Avanton is a company that listens to market demand, and with this latest addition we will be continuing with our commitment to delivering a high-quality mix of private and affordable homes to meet London’s needs.”

Adam Hayner, Managing Director, ICG-Longbow, said: “We are pleased to continue to grow our existing relationship with Avanton. Richmond will be an exciting project with the potential to develop skilfully designed housing in a borough with a strong domestic demand base.” 

Andrew White, Director, Residential, Colliers International, said: “This is another important strategic purchase by Avanton in one of South West London’s most popular locations.

“The site is currently underutilised, however Avanton’s proposals will not only bring a much needed depth to the fabric of the area, but will also greatly enhance the current residential offering.”

Related Experts
expert photo

Andrew White

Head of UK Residential

London - West End

Andrew heads up the UK Residential Department at Colliers International and is a specialist advisor in residential and mixed use developments.  He has been involved in some of the largest and most complex sites within London and the South East of England.

The Residential Department at Colliers International comprises a market leading  team of 35 surveyors and advisers who focus on London, The South East and the Regions, advising  clients on their options for maximising value for their assets, including planning, development consultancy, Build To Rent, investment and disposal strategy and New Homes & Project marketing. 

Andrew has worked in the sector for 25 years having started his career with a large multinational real estate agency, then running his own land agency for 8 years before joining Colliers International in 2013. He has advised government bodies such as the NHS, as well as family businesses, funds, charities, developers and companies on their strategy for disposal of their land holdings and property assets.

Clients include, Legal & General, the NHS, Royal London Asset Management, The Diocese of London, London Square, Telereal Trilium, Threadneedle, Aberdeen Standard, Greggs, Rexel and PSA Group as well as other large corporate landowners.

View expert