Central London property developer Londonewcastle has been appointed as Development Manager on the latest £5.05m acquisition by new developer and investor The Third Quarter.

Proposals are being brought forward for 19 Queen Elizabeth Street in Butler’s Wharf, SE1 to create a mixed use development comprising 9 warehouse style apartments and penthouses above two floors of commercial offices in an attractive, turn of the century building situated in the heart of Butler’s Wharf - and just a street away from Butler’s Wharf and the River Thames. The completed development has a target GDV of up to £20m.

David Barnett, CEO of Londonewcastle commented:

“Queen Elizabeth Street is a beautiful and historic 19th century building in an exciting location which is now on the move again with local new build values achieving up to £1,400 per square foot.

We look forward to realising the full potential of the development by delivering quality new apartments and workspace here with The Third Quarter.”

A planning application will be submitted to Southwark Council later in the year with start on site to follow shortly after.

For more information and to register your interest click here.