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