‘Airspace development’ creates room for 41,000 new homes to ease the London crisis says the Evening Standard. Read an excerpt from the article and discover some of Fruition Properties recent airspace developments.
Airspace developments have hit the headlines in a big way recently, writes COO Parul Scampion in an opinion piece for Property Week.
Fruition Properties transformed a former dairy building in Finchley, North London, into Cornwall Works, a striking redevelopment comprising nine stunning apartments, including an airspace penthouse apartment.
Rooftop development, also known as airspace development, is the building of new property above existing residential or commercial buildings; extending upwards by usually one or two additional storeys.
Boutique developer Fruition Properties has secured planning permission to develop nine new residential apartments above a light industrial unit at 20 Crimscott Street in Bermondsey, London SE1.
By unlocking the ‘air rights’ above existing buildings, rooftop development can provide an innovative way of delivering much needed housing in dense areas.