Paddington development delay

Posted on Posted in INDUSTRY NEWS

Plans for a mixed-use development next to Paddington station are under scrutiny and the development could be delayed, PropertyWeek has reported.

Derwent London will submit its plans to Westminster council next Thursday. However, according to a report from the council, the developer has failed to satisfy their demands and its offer of £5.75 million is insufficient.

According to PropertyWeek, Westminster Council’s 41-page report found: "On the basis of the information currently available, officers take the view that the applicants have not justified the absence of on-site affordable housing."

The developer hopes to build 425,000sq ft of office space and residences in two blocks at North Warf Road and has already faced significant setbacks.

The original planning application was rejected because of concerns about the height of the development – in September, the Greater London Authority told the council it thought the latest plans were not up to standard.

Currently, Paddington Business Improvement District charges a levy to local businesses and raises £325,000 per year with the scheme.

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