Company has acquired office building for redevelopment.
Australian developer Third.i has revealed plans for its third luxury residential project in London after exchanging contracts to buy Westminster House in the capital, React News can reveal.
The company has set out its plans to redevelop the 47,000 sq ft office into 28 high-end apartments after purchasing the site from CLS last week, in a deal which has now unconditionally exchanged.
These will include three whole-floor penthouses along with 25 two- and threebedroom apartments. There will also be a health and wellness offering featuring a private gym, yoga and pilates studio and infrared sauna.
Other amenities will include a lounge, workspace, concierge and a communal terrace for residents, along with a 3,300 sq ft commercial space at the first floor.
“This acquisition reconfirms our continued confidence in London’s prime real estate market”
RON DADD, THIRD.I
The scheme has been named The Doulton, after the plot’s history as a Royal Doulton manufacturing site.
Third.i has now appointed construction partner Ant Yapi to the project and is working with architect and interior designer Banda on its plans for The Doulton.
The scheme is the company’s third in London following its debut in Battersea in 2018, followed by Graphite Square in Vauxhall, which will launch later this year.
The company was founded by Luke Berry, Robert Huxley and Ron Dadd, the latter of whom relocated from Australia to London in 2022 to lead the company’s office in Vauxhall.
The group is on course to acquire three further sites by the end of 2024 with a combined GDV in excess of £800m.
Dadd said: “We are delighted to have exchanged on this landmark building in a challenging market. This acquisition reconfirms our continued confidence in London’s prime real estate market, adding to our fast-growing fleet of luxury schemes in the UK.
“Offering some of London’s most enviable views that will never be built out or repeated, combined with exquisite interiors designed and implemented by Banda, The Doulton delivers an ultra-exclusive and luxurious collection of homes where residents can be proud to live. We can’t wait to start construction on the project and are excited to be working with Banda to bring The Doulton to life.”