Dragon builds London den
Dragon's Den star James Caan plans to build a £140m canalside apartments scheme in north west London.
Hamilton Bradshaw, Mr Caan's private equity and property development firm, has submitted a planning application for the Wembley scheme. Over the past three years, Mr Caan has bought former industrial properties at the seven-acre site that have suffered 40-to-50 per cent slumps in prices as a result of the downturn.
He said that the scheme is being reviewed by London Mayor Boris Johnson. "Boris genuinely, really likes it," he said. Built on the bank of the Grand Union canal, there will be 468 apartments and a 60,000 sq ft James Caan Innovation Centre, which will provide employment opportunities. Up to 30 per cent of the apartments will be affordable housing, as defined by the Mayor's housing team.
Many of the construction materials will be transported by water, which will prevent some of the traffic issues caused by big property developments.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies