By Transforming urban development, airspace construction is rapidly providing innovative solutions to housing shortages and optimising land use in densely populated areas. This approach involves adding new residential units atop existing structures, effectively utilising previously untapped vertical spaces.
Melbourne Mews, a planned development spearheaded by Castlemere Developments, also offers investors the chance to capitalise on a high-potential, forward-thinking venture.
The Rise of Airspace Development
Airspace development, or rooftop development, entails constructing additional storeys on top of existing buildings. This method maximises land efficiency and aligns with sustainable urban growth by reducing the need for new land acquisition.
In urban centres such as London, where land scarcity is a pressing issue, airspace development presents a viable solution to increase housing stock without expanding the city’s footprint.
Moreover, airspace development utilises off-site modular construction, which is more environmentally friendly compared to traditional methods. Reflecting a commitment to sustainability and innovation, this approach reduces waste, decreases construction time, minimises disruption and mitigates carbon footprint surrounding the building process.
Further facilitating this process, the UK government’s introduction of permitted development rights (PDR) allows developers to add up to two floors without requiring full planning permission.
Introducing Melbourne Mews
Melbourne Mews is a testament to the potential of airspace development. Located in East Dulwich, South East London, this project involves the construction of six four-storey townhouses atop an existing structure.
Each townhouse is designed to offer modern living spaces that blend seamlessly with the architectural fabric of the neighbourhood. The development not only adds aesthetic value but will also contribute to addressing the housing demand in the area.
Westbrooke Associates Connects Investors to High-Value, Sustainable Opportunities
Westbrooke Associates is a highly regarded brokerage specialising in connecting professional and institutional investors with early to medium-growth companies.
Established by seasoned agents and compliance executives from London and Gibraltar’s financial districts, the firm brings together over 200 years of collective industry expertise.
Leading the investment drive for Castlemere’s latest project, Westbrooke Associates draws on its proven ability to connect investors with forward-looking and sustainable opportunities.
With a strong focus on high ESG-impact projects, including this cutting-edge airspace development, the firm ensures that each investment aligns with its mission of promoting sustainable and responsible growth.
By selecting ventures that address global challenges, Westbrooke Associates also enables investors to achieve financial success while contributing to long-term social and environmental progress.
Benefits Over Traditional Property Investments
Investors have the opportunity to subscribe to Fixed-Income Bonds in Castlemere (DK) Limited, offering an annual income of 14% for a two-year term or 12% for a one-year term. These fixed-income payments are disbursed monthly, providing a steady income stream before the return of capital at the end of the investment period.
Moreover, investments are secured through multiple layers. Funds advanced to Castlemere (DK) Ltd are protected by a debenture, monitored by independent trustees from UCAT Services. Additionally, Castlemere Developments provides a loan secured over the property, offering investors an extra layer of security.
Furthermore, East Dulwich is a sought-after area in London, known for its vibrant community and excellent amenities. Investing in Melbourne Mews means tapping into a market with strong demand for quality housing.
About Castlemere Developments
Established in 2017, Castlemere Developments has positioned itself as a leader in the property development sector, particularly in airspace modular construction. The directors bring decades of experience in land acquisition, planning, and new-build construction.
Their portfolio includes successful projects such as Clarence House and Imperial Gate in Windsor, and executive homes in Gerrards Cross, demonstrating their capability to deliver high-end developments.
Recognising the potential of airspace development, Castlemere shifted focus to this approach in 2020. Projects include Howard Court in Peckham Rye and Hamilton Court in Royal Tunbridge Wells, alongside Vision House in Wimbledon and Nicolas Court in Grove Park.
These developments exemplify their expertise in utilising unused rooftops to create stylish living spaces efficiently. Their collaboration with leading modular construction companies ensures that each project meets high standards of quality and sustainability.
Building the Future
Melbourne Mews represents a lucrative investment opportunity in airspace development. With attractive returns, robust security measures and the backing of experienced developers, Castlemere Developments, investors can participate in a project that not only offers distinctive financial returns but also contributes positively to urban sustainability and housing solutions.
As brokers for this opportunity, Westbrooke Associates is proud to facilitate investments that align with progression and community enhancement.
Please visit https://westbrookeassociates.com/ to explore how Westbrooke Associates can help your money make money and capture diverse and attractive returns.
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