Chelsfield Covid-19 Update
At Chelsfield, the health and welfare of our employees is a priority. In light of the increasing number of cases of COVID-19, and in line with national government guidance, our employees in London, Paris, New York, Hong Kong, Shanghai and Singapore are working from home. We continue to operate our business as usual while monitoring and following the advice of the relevant national governments. During this time, we’ll keep you updated on our news and activities from across our offices on LinkedIn.
Chelsfield Asia announced today that it has made its fifth investment from its Asian value-add fund to acquire a fifty percent stake in four office buildings (“the Project”) located in Lifehub@Daning, which is a large-scale, retail-anchored mixed-use project in the Daning neighbourhood of Jing’an District, Shanghai, China through a 50/50 Joint Venture with Hong Kong based investment management firm Pamfleet.
By the early 2000s, the former Commonwealth Institute building had seen better days. The dilapidated Grade II* 1960s building in London’s Kensington was on a long lease and low rent to the Institute, while a number of strict covenants had frustrated previous developers.
It was a scenario that had deterred many but at Chelsfield, our expertise in these sorts of complex planning and willingness to delve into the detail to navigate a way through, made us the ideal partner. We soon entered into a joint venture with the land owner, Ilchester Estates, to buy the modernist building and set about conceiving our Hollandgreen development.
To get the best results, we work hard to liaise directly with local planning authorities and politicians, in this case, meeting the Chief Executive of the Royal Borough of Kensington and Chelsea (RBKC) to ask what the council’s aspirations were for the site. “They said it was imperative that the building should remain in public institutional use. If we found a suitable organisation they would be open minded as to the residential development they would permit alongside, which was crucial to the viability of the project,” said Patrick Waters, Chelsfield’s Group Deputy Head of Developments.
Chelsfield Presents the “Merry-Go-Round” Exhibition at Worfu – A Celebration of Intertwining Ethnicities, Cultures and Generations
In our continuous effort to make public art accessible Chelsfield have launched an engaging community exhibition at WORFU. Titled “Merry-Go-Round, (氹氹轉 菊花園)”. The exhibition is a celebration of the spirit of the multi cultural and demographic community of North Point which is being based on from one generation to the next.
North Point, known as “the small Hong Kong”, is a vibrant high-density community with a wide diversity of ethnicities and cultures, living and working in the mixed-used urban landscape. The commercial buildings, residences, and shopping centers have been lived and worked in by many passing generations who have been an integral part of the urban development.