London, United Kingdom (PRWEB UK) 28 May 2014
Fizzy, the leader in the PRS, continues to storm the sector, as it announces its fifth acquisition in Lewisham. Fizzy is acquiring 136 units of one and two bedroom flats in two adjoining landmark buildings from Muse Developments at its gateway scheme in Lewisham town centre. The acquisition takes Fizzy’s portfolio to 382 apartments and moves it closer to its target of 1000 units.
The first phase of the regeneration scheme is already underway and is aimed to be completed within two years. The two new buildings, which will come on stream in Q4 2015 and Q4 2016 respectively, have been designed by the award winning PRP Architects. The 15 story residential buildings are situated in the heart of the town centre and are conveniently located next to the DLR and Lewisham mainline station. The purchase of the two buildings is the second deal to have been completed between Fizzy and Muse Developments, the first having been at English Cities Fund (ECf)’s iconic Vermilion in Canning Town.
Harry Downes, Managing Director of Fizzy commented, “We are very excited about this project in Lewisham Gateway. The new initiative enables Lewisham to have even better transport links than before, which make it a great choice for our target market of young professionals looking for a quick commute to Canary Wharf and the City. This area is a property hotspot and, with prices locally now achieving in excess of £500 per square foot, we are delighted to have secured this acquisition.”
Michael Auger, regional director for Muse, said: “We’re delighted to be working with Fizzy Living again, after the extremely successful Vermilion development at ECf’s Canning Town scheme. This is a really exciting project for Lewisham Borough and is going to deliver huge improvements to Lewisham town centre, building on the regeneration that has already been achieved over recent years.”
The regeneration scheme will vastly improve the open land close to the town centre and the space created will allow for high quality homes and pedestrian friendly shops to be set within an environment that residents and visitors can enjoy.