Knight Frank sells £21m Bayswater site for prime residential development

The firm acted on behalf Sol Zakay’s Topland, in joint venture with Concept Bespoke.

Topland Vintage acquired the property as a vacant office building and subsequently secured planning consent for a high-quality residential redevelopment designed by Ross Alexander Lambie Architects. The approved scheme includes demolition behind the retained façade and a two-storey roof extension, delivering 17 private residential apartments across a mix of studio, one-bed, two-bed and three-bed homes.

Sol Zakay, CEO of Topland, said: “We are pleased to have executed our strategy and completed the sale of ESCA House, having significantly enhanced the asset through the planning process. This transaction demonstrates our ability to unlock value in high-quality, well-located assets. We remain active in pursuing further planning-led opportunities and continue to welcome the chance to work with best-in-class JV partners.”

Located on the prominent corner of Palace Court and Moscow Road, and moments from Kensington Gardens, ESCA House is exceptionally well connected, with Bayswater Underground Station (District & Circle lines) close by and both Notting Hill Gate and Queensway within easy reach.

Nick Alderman, head of central London Land at Knight Frank, said: “This transaction underscores the continued strong appetite for high-quality development sites in prime central London. The combination of full planning consent and exceptional positioning near Kensington Gardens made this highly attractive to investors. We are delighted to have successfully delivered this outcome for our client."

Knight Frank and Savills advised Topland Vintage and Corvus Invest advised the buyer on the transaction.

ENDS

Notes to Editors

About Knight Frank Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 20,000 people operating from over 600 offices across 50 markets. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit www.knightfrank.com.