Singapore investor gets Richmond Council approval for €1.2b Stag Brewery scheme
The revised plans to redevelop a former brewery site, Stag Brewery scheme, on the Thames to provide 667 homes have been approved by London’s Richmond Council.
The €1.2 billion ($1.3 billion) development is being undertaken by Dartmouth Capital Partners on behalf of Reselton Properties, a subsidiary of Singapore-listed City Developments Limited (CDL), which bought the site in 2015.
It will feature 1,068 new homes, a reduction from the 1,250 homes in the rejected scheme, which will be a mixture of one- to four-bed properties, both private and affordable housing
Eight percent of the homes will be affordable housing and will consist of 80 percent social rent tenure for families. All residents will have access to underground parking.
The mixed-use scheme will also incorporate a new secondary school for 1,200 pupils, to be built by the government; 5,000 square meters (54,000 square feet) of offices; and a high street with 20–30 units for