Track Record

Our experience with air rights developments consists of new schemes above existing properties, as well as developing further airspace above developments which we have already received planning permission for.

Why Fruition Properties?

We have a leading reputation as an award-winning property developer, with experience developing new-build apartments and houses, in addition to the sympathetic conversion of heritage buildings. Over the years, we have built a multitude of innovative and design-led schemes across London, renowned for working with leading consultants to push thoughtful, inspiring and conscientious design while providing exceptional product specifications in all our homes.

Our team comprises a specialist planning department with widespread experience, encompassing 13 years of applications across a number of London boroughs. A continued commitment to people before, during and after development, in addition to an internal corporate responsibility team that continues to work closely with the local community, ensures we are well placed to guarantee every one of our developments is built with local residents in mind.

 

The One, Porchester Road, W2

We worked closely with Youngs Brewery at one of their pub sites in West London to deliver and improve on a residential planning permission. After purchasing the site with an existing consent to convert the existing building into seven residential units, further value was extracted by developing the air rights by providing an additional floor and delivering a two bed penthouse unit.

Despite originally expecting to have to cease trading for a period, the business was able to remain fully operational during the construction period. We ensured that the scaffolding was designed and implemented to avoid obstructing the retail frontage and the key corner entrance to the pub was left clear and easily accessible allowing the pub to continue to attract customers.

The Carob Tree – Highgate Road, NW5

Originally an old pub converted into a restaurant and uppers, the owner was keen to further develop the potential of his land by obtaining a planning consent to convert the existing upper floors to residential flats and to take advantage of the air rights by adding an additional floor.

Once the permission was secured we subsequently purchased the freehold to this building and leased back the ground floor restaurant to the vendor. The Carob Tree was a very popular restaurant, and we worked closely with the vendor to ensure that the building works were planned in such a way as to minimise disruption to his trade.

Due to issues of dust and noise, the owner had expected to have to close for the entire period of the development.  In the end though, we were able to set up the works so that he only had to close for 5 weeks. The timing of these works were programmed over a quiet holiday period when business was relatively low thus minimising the loss of trade and allowing this busy restaurant to continue to service its local clientele when required.

Upper Richmond Road, SW17

The leaseholders in this residential block had been looking for a suitable partner to work with as they were keen to explore the benefits that an air rights development could bring to them.

We entered into an option agreement with them in 2015 and spent the next few months developing a successful planning consent for a further four apartments within an additional floor on the top of their block. The agreement will be exercised in June 2017 and will release a substantial payment to the leaseholders.

As part of the project planning, the leaseholders have included their requirements to refurbish the existing internal communal area and to update the existing façade and windows. This is contained within the main contractor scope of works and the leaseholders will therefore further benefit from sharing the costs for their works with the main build in terms of scaffold and subcontractor costs. New cycle and bin storage, post boxes and a new audio-visual entry system will also be provided to create an integrated solution for the existing and new lease-holder. There will also be an update in parking arrangements, re-tarmacing of the approach roads, and improved landscaping of the gardens which will be funded through their air rights payment. Finally, the existing residents will benefit in the longer term from sharing building service costs with these additional leaseholders, thereby reducing their annual service charge by 25%.