Property construction project in Chiswick
The project offers 6 luxury modern apartments in prestigious West London area. Designed to be a "country house" in the centre of London – the property will bring a green, secluded area, only 300 meters from Thames and Chiswick House Grounds, hidden from traffic roads but within a minute drive to the main traffic junction and to Central London and Heathrow airport, which are both reachable in 15-20 minutes any time of the day.
The building superstructure will be of solid timber construction, and the design of the building will respect this construction method and utilise it for its moisture and thermal buffering properties. The building will be designed for optimised thermal capacity through intelligent material selection and shall be naturally ventilated. Passive design principles will be employed on the project in order to ensure health, comfort and wellbeing. A wood-burning smokeless stove within the primary living area of each residential unit will be complimentary to the main gas-heating.

Project team
GTEEN has lined-up an impressive list of consultants, including:

  • Project Management – Carbon Living
  • Architect – Lynch Architects
  • Timber Engineer – Eurban
  • Civil Engineer – Rodrigues Associates
  • Building Physicist – Max Fordham
  • Landscape Architect – Richard Nye
  • Cost Estimation – Academy Consulting
According to the planning permission, the building will consist of 2 five-bedroom and 4 three-bedroom apartments located on 4 floors with the gross internal area of 1,333 sq.m., two private gardens (for ground floor apartments), a communal garden and parking.
Technical characteristics
The project is an ecologically sustainable, commercially viable construction and can be viewed as an example for future modern high-tech developments. Aimed to suit wealthy family residents, the property has been designed to offer unique features that sets its development apart from other properties in the area:
  • Masterpiece design
  • High-end finishing
  • Environmentally friendly materials
  • Passive design ensures ecologically friendly and comfortable, spacious living
  • Advanced communal and private ameniti

Total internal area of apartments:
1 133 sq. m.
Number of apartments: 6
About GTEEN
GTEEN Technologies Investments Limited ("GTEEN") is a London-based property development company which intends to launch and grow a portfolio of residential property investments in Greater London. The company specifically targets properties with high potential for value appreciation. GTEEN nourishes strong relationships with architects, contractors, planning consultants, agents and other property-related professionals allowing the customers to have access to sites and projects in a preferential way.

In January 2017 London Borough of Hounslow has granted Gteen with planning permission for the construction of six residential units to be developed at a 1,420sqm site located in Chiswick, a very demanded area of London for affluent-family residents.
The project has been designed by Lynch Architects, who are an award-winning agency based in London that undertakes projects of any scale (from private houses, art galleries and public spaces to master plans and major civic, commercial and residential buildings). Lynch Architects create modern architecture that is fully integrated into its surroundings and pays close attention to the social, ecological, historical and economic aspects of the place.

The project is located in Chiswick, West London. It is situated on a bend of the Thames river, and administratively belongs to the Hounslow district. The area is attractive for young wealthy families: there are excellent schools, creative studios for children, playgrounds. There are also several parks, such as Chiswick
House and Gardens Trust. The area is popular among actors, musicians, writers, artists: Colin Firth, Sophie Michelle Ellis-Bextor, Vanessa Redgrave, Timothy Dalton and many other celebrities are living here.
Chiswick Gate
Chiswick has become very attractive to national and overseas business society. During the last 10-15 years there have been built in the area numerous spaces of offices and business centers. Apparently, appropriate homes in vicinity are on high demand, especially amongst affluent business people.

Due to extremely stringent planning policies in Chiswick, especially in conservation areas, construction of contemporary homes proceeds there in comparably insignificant scales. Most of the homes are built in the beginning – middle of last century. Thus, despite that the area can suggest a numerous number of housing but they don't satisfy criteria of particular niche of the market that are represented by wealthy families who are moving in London on long term or permanently and who have got used to a certain high standard of living.

The nearest to Dartmouth House is a new development of residential complex Chiswick Gate (developer: Berkeley Group). The development offered 78 standard class 1-3 bedrooms apartments and 44 3-5 bedrooms townhouses. The completion of the development has been reached in 2017.

Around 88% of properties had been sold on plot and during initial phase of the construction at an average price per square meter around £11K. The remaining units had been traded at £12-13K per square meter and had been fully sold just before the completion.
FINANCIAL PLAN
The total development cost of the building is £9,680,695. The main areas of the cost are: Land acquisition cost - £4,518,750; Construction cost - £3,800,000; Non-construction expenses - £1,361,945.

Gross Development Value after the sale of all apartments is £13,815,000.

Profit before taxes and interest is £4,134,305 (43% of the Total development cost) or £3,348,787 (35% of the Total development cost) after all taxes and interest have been paid.