In September 2024, plans by Regal to create four distinct new buildings on a site next to the Roundhouse got planning permission. The project took another big step forward recently with a funding agreement. We want to have a look back at the plans today to see what we can expect from the development in the future. Then, if you need help with guaranteed rent in Camden, you can speak to us.

An iconic venue

The Roundhouse in Camden is one of the most distinct venues in London. It was originally a shed for railway engines. However, it became an arts venue in 1964 after adaptation work to create a theatre. Since then it has had ups and downs, including headline performances from massive names, abandonment, filming, and regeneration.

While it has had a very interesting history, nobody can deny that the Roundhouse is a valuable piece of architecture. It has been a listed building since 1954 owing to the heritage. Then, in 2010 it became a National Heritage Site.

New development

Because the Roundhouse is so important from an architectural point of view, any projects nearby have to be careful. They can’t harm the character of the area in any way. Luckily, Regal’s proposals will complement it and enhance the setting.

There will be four new buildings, with designs from DSDHA. The drum designs will be distinct, a massive upgrade on the current old office block on the site. The redevelopment could inspire other projects to pay close attention to the local areas. If investors consider properties, we can help with guaranteed rent in Camden and more.

The redevelopment will create student accommodation, with 264 new flats in three buildings up to twelve storeys tall. Additionally, there will be 30 affordable homes and new commercial space. The project will also improve the public realm, with new public space and wider pavements to improve the setting for pedestrians.

Regal has now revealed that funding for the project has been agreed. They will get £115m from Maslow Capital. It will cover most of the £125m scheme.

Regal’s investment director, Marc Eden, had a statement on the financial agreement. He gave praise to the “speed and efficiency” of the funding process here. He said Regal and Maslow Capital share a focus “on delivering high-yielding, resilient assets”.

It will be great to see the development progress to the next stage. Ultimately, the project will bring new residents to the area and improve it.

Speak to us about guaranteed rent in Camden

There are countless great spots in London for investors to target. Camden definitely deserves a mention because it is such a vibrant area. While prices can be high, there tends to be a lot of demand from people who want to live in an area where there is always something to do.

If you do invest, you can rely on us to help you overcome potential issues like voids. We specialise in guaranteed rent in Camden and other parts of London. With this kind of arrangement, you get a rent payment every single month no matter what. Additionally, the service can take care of property management and maintenance.

So, if you’d like to find out more, please contact us.