Real estate investment firm Yoo Capital has unveiled plans to create a mixed-use neighbourhood in Camden anchored by a “world class film quarter”.
The firm has acquired the Holmes Road Depot and the Regis Road Recycling Centre in Kentish Town, Camden, on a subject to planning basis and intends to create a mixed-use scheme featuring industrial, commercial and creative space alongside new homes, 50% of which will be affordable.
Yoo said its vision for the area “will deliver” on the Kentish Town planning framework, with residents, local businesses and community groups due to be consulted on the proposals in the next month.
Lloyd Lee, managing partner at Yoo Capital, said: “We are looking forward to working with the London Borough of Camden and the local community to bring forward the ambitions for a Camden film quarter. This project will be a shot in the arm for the UK’s creative industries as we look to fuel its exponential growth by attracting the best talent in TV and film to the area. We will be spending the coming months getting to know our neighbours and beginning our work with them to co-author an exemplary masterplan vision.”
John Hitchcox, chairman of Yoo Capital, added: “We are delighted to be drawing on our experience of community engagement and placemaking to bring forward another exciting scheme in Camden. We commend the Kentish Town framework’s commitment to creating a zero emissions neighbourhood and look forward to working with local organisations to strive for the highest levels of sustainability.”
Councillor Danny Beales, cabinet member for new homes, jobs and community investment at the London Borough of Camden, said: “We know there is huge creative potential in the people who live and work in Camden. We want to unlock the Kentish Town industrial area to transform this cut-off, unwelcoming site, into one that becomes a greener, welcoming space, connecting Gospel Oak with Kentish Town. A new thriving neighbourhood, which is a beacon for creativity, providing more desperately needed affordable homes for local people, good jobs and opportunities for existing communities.
“This is going to be a development shaped with local communities and Camden and Yoo Capital are looking forward to working with residents on realising the shared community vision and getting resident’s thoughts at every stage. We see this development as a way to help combat many of the issues residents are facing in Camden.”
