The Independent London Newspaper
20th April 2018

Hawley Wharf development site sold before a brick is laid

    Part of the Hawley Wharf site was in Camden Fire in 2008

    Published: 7 April, 2014
    By DAN CARRIER

    THE three business partners who spent nearly a decade trying to redev­elop the Hawley Wharf market area of Camden Town have sold their stakes without a brick being laid. 

    Richard Caring, Bebo Kobo and Sir Stuart Lipton, of the Chelsfield development company, have sold their stakes to Israeli technology entrepreneur Teddy Sagi.

    Mr Sagi paid £400million for the site, including the Stables Market, and has established a trust to manage it. He has also put a further £200m on the table to push through the redevelopment of the Hawley Wharf site and to consider improvements to the Stables Market area. 

    Stanley Sidings managing director Mark Alper, who will remain boss of the development plans which include homes, a shopping area, public spaces, a school and cinema, said: “Teddy Sagi was drawn to this investment by the great brand strength of Stables Market and Hawley Wharf here at Camden Market. We want to ensure that the markets are enhanced as a leading London visitor attraction, as well as delivering the new school and homes for the local communities here in Camden.”

    Haverstock ward Lib Dem councillor Matt Sanders, who has sat on the Hawley Wharf working group which liaised with the previous owners over the development, said he had mixed feelings over the sale. 

    He said: “We had to fight tooth and nail to get the owners to listen to what we wanted for our neighbourhood. 

    “Eventually, after some disastrous schemes, they listened and put together something the community could be happier with. 

    “For five or so years we have had to put up with the site earmarked for development being full of shacks that are there illegally, without planning permission, and with no action taken because the council said work would soon start.

    “We can’t face any further lengthy delays, and we would urge the new owners not to rip anything up and start again. That would be incredibly frustrating. 

    “The new owner may want to do things differently but the key thing is the site needs developing in a way we are happy with and work needs to start as soon as possible.” 

    The new owners have also bought a small triangular piece of land next to the Kentish Town Lock, which had once been owned by Samuel Smith’s brewery. It was a seen as a final piece of the Hawley Wharf jigsaw but could also slow down any building work, as Stanley Sidings will now have to rethink their plans to include the site and decide what is most suitable.

    Planning permission was granted in 2011 but work has yet to start. Now a fresh application to start work on a new building for Hawley Infants School is due to be put together with the aim of opening in September 2016, while new plans will be drawn up to include the Sam Smith site. 

    Camden Town Unlimited chief executive Simon Pitkeathley said: “We welcome any new investment if it is going to improve the area for retail and residents. We look forward to welcoming the new owners and seeing what they are planning.”

    In a letter seen by the New Journal sent to residents and councillors in the Hawley Wharf area, Stanley Sidings manager director Mark Alper confirmed a trust had been established to bring Hawley Wharf and Stables Markets are under single ownership.

    The letter added: “I am very conscious of the continuing interest of both the council and the community in the markets and the desire to see the regeneration plans brought forward. I therefore wanted to personally reassure you that Stanley Sidings will continue to oversee the Hawley Wharf development. A further £200m has been committed to take forward the implementation of the existing planning permission along with future improvements to Stables Market."

     

    Comments

    It is common we saw this kind

    It is common we saw this kind of business a number of times. Building or reshaping a structure is not a big deal at present.

    Post new comment

    By submitting this form, you accept the Mollom privacy policy.