Plan for 109 London properties at average of £2m each causes anger in borough hit by housing crisis
A property developer forecasting a profit of tens of millions of pounds from a luxury apartment complex on London’s “Billionaires Row”, has claimed it cannot afford to subsidise a single affordable home there.
In a move that has caused anger in a borough blighted by an affordable housing crisis, Harrison Varma argued its plan to build 109 “high-end” homes with an indoor pool, gym, spa and underground parking on The Bishops Avenue in north London, left no money for cheaper housing.
