Airspace development has arrived in London’s prime Belsize Park market with Pirton’s release of four new luxury penthouses at their Kings College Court scheme.
The properties range in price from a 1,800 sq.ft. two bedroomed property at £2.65m to a 3,300 sq.ft. three bedroomed duplex at £4.95m. Pirton used award-winning architect Jim Garland and Italian interior designer Alessia Mainardi on the project.
The development has also brought the benefits of airspace development to existing residents. There has been a programme of general refurbishment to the 1960s building and balconies have been added to the 48 existing flats.
Simon Deen, Director of New Homes at Aston Chase who are joint agents alongside Savills, says: “These four penthouses have unparalleled views across London, there’s simply nothing like this in Belsize Park. The new penthouses have been incorporated into the existing building seamlessly, a testament to their thoughtful design. Each penthouse has fantastic open plan spaces for entertaining, and the views from both the floor to ceiling windows and the balconies are exceptional.”
Airspace developments are a growing trend in prime locations across Europe, and it’s difficult to see how this trend won’t continue where space is short and capital values are high.
London certainly has plenty of scope for this kind of development too. As we reported recently Knight Frank has calculated that 41,000 new properties could be built on existing central London roof space. In the last Budget Chancellor Philip Hammond announced a consultation that could see airspace developments made possible as a permitted development right.