Tristan & Addington sell Harlow mixed-use site to Strawberry Star
EPISO, an opportunity fund advised by Tristan Capital Partners, in partnership with Addington Capital, have sold a mixed-use 4.5-acre site with consent for residential 447 units to Strawberry Star Homes for a price in excess of £15m. The site is alongside the joint venture partners’ Harvey shopping centre in Harlow.
Addington secured planning permission for the site, which was previously a shopping mall, to create a mixed-use regeneration scheme. The plans include four new standalone blocks, which provide 447 residential units and around 40,000 sq ft of retail space, together with below podium car parking. Above the podium there are planned landscaped private amenity areas.
Tristan director Jeremy Bullock said: “We saw a real potential to transform this part of the town which had long needed investment by creating nearly 450 new residential homes in an attractive setting. Addington and Tristan have been early movers in the repurposing of underperforming shopping centre space and with the shortage of quality housing in the area, we believe this will provide benefits to all.”
Addington Capital principal Martin Roberts, of, said: “We were offered a good price for the site and wish Strawberry Star well in progressing the redevelopment. We will continue to intensively asset manage the rest of the shopping centre in the meantime.”