Cadogan To Invest £40m In Sloane Street Public Realm

Cadogan Estates, in partnership with the Royal Borough of Kensington & Chelsea, has announced a £40m public realm investment into Sloane Street.

The project, to begin this autumn, includes resurfacing and widening pavements, new lighting, traffic calming and a new planting scheme to create a ‘green boulevard’ and to absorb airborne pollutants. Cadogan say that the scheme is ‘set to transform the iconic street and secure its future as a vibrant residential area and one of the world’s most beautiful luxury shopping destinations.’

Cadogan Estates Ltd. own 93 acres of property and 15 acres of gardens in the area.

Hugh Seaborn, CEO of Cadogan, comments: “These proposals will strengthen Sloane Street’s position as a global destination for luxury retail and create an even more desirable environment for local residents and businesses. We have seen major recent investment from many of the luxury houses on the street – the new Balenciaga store opened earlier this year, alongside multi-million pound refits from Hermes, Louis Vuitton, Versace, Gucci, Fendi and Chanel – and our plans will create a seamless and inspiring environment whether in-store or travelling along the Street.”

Cllr Elizabeth Campbell, Leader of Kensington and Chelsea Council, comments: “This project will breathe life into our high street and give residents and visitors a whole new experience. We are fully behind projects that deliver on our aims to tackle climate change and improve the local environment.”

Many will agree that it hardly reflects well on the local authority when they have to rely on a private landowner to head up such a scheme. However, it seems likely that these improvements will help make a desirable area even more desirable and, ultimately, will provide Cadogan with a good return on their £40m.

Source Cadogan
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