Kilburn High Road – New Build Residential Development
Moorfields were appointed to manage a new build residential development comprising 66 high-spec apartments on Kilburn High Road, London (Zone 2).
The development was a gated scheme adjacent to Kilburn Grange Park, featuring 66 units, with all other units already sold. The apartments ranged from 560 sq ft to 1,300 sq ft and included:
- 7 × 1-bedroom units
- 11 × 2-bedroom units
- 3 × 3-bedroom units
The flats are held leasehold (250-year leases) with the freehold optionally available, and include a 10-year Housing Warranty (BLP).
Objectives
- Preserve and enhance the value of the remaining apartments for sale.
- Ensure effective marketing and sale execution to maximise recoveries.
- Manage stakeholder relationships, including buyers, developers, and lenders.
- Maintain compliance with legal, leasehold, and warranty obligations.
- Deliver a structured process to realise value efficiently.
Moorfields’ Actions
- Oversaw the marketing and sale of the 21 flats, highlighting features, location benefits, and high-spec finishes.
- Managed leasehold arrangements, warranties, and legal compliance to protect buyer confidence and asset value.
- Coordinated with developers, estate agents, and solicitors to ensure smooth transaction processes.
- Maintained clear communication with buyers, lenders, and stakeholders throughout the process.
- Provided strategic guidance on the optional freehold sale to maximise overall development value.
Results
- The 21 flats were successfully marketed and sold, generating strong recoveries.
- Stakeholder confidence was maintained, with smooth transaction completion for buyers and lenders.
- Compliance with leasehold, warranty, and legal requirements was ensured.
- The development was positioned to maximise value for the remaining units and optional freehold sale.
