Ballymore, working in partnership with Network Rail, is set to redevelop the trackside land at the West Hampstead transport hub. Back in 2002, Ballymore’s subsidiary Domaine Developments acquired the land rights to seven railway sites from Railtrack and Hammerson.
The Irish property developer also has plans for the Central Station site in Liverpool and Snow Hill station in Birmingham.
Ballymore has appointed architects John Thompson & Partners to produce a comprehensive design for the 2.4-acre site. The former motorcycle and limousine garage at 187-199 West End Lane, could soon be transformed into 200 flats, with a public square suitable for a farmers market stalls lined with cafes and shop units in addition to 7,000 sq ft of NW6 office space.
GVA, Gifford and WSP are also providing technical advice to Ballymore and Network Rail. The proposals will be developed by Ballymore in two phases with work scheduled to commence in 2013 for completion in 2015.
Ballymore has agreed a seven-year business plan with Ireland’s NAMA bad bank. The developer is carrying a £1.1bn of debt, but is focused on developing out its large pipeline of projects and has been active throughout the UK its portfolio includes other mixed-use developments comprising London office space to let.
In Canary Wharf there are more than 538,000 sq ft of space for London offices to let and shops at New Providence Wharf. Across London, the property company is also promoting Embassy Gardens, will become the new home of the US embassy in Vauxhall Nine Elms and has the potential to comprise over 500,000 sq ft of London offices to let.