Stag Brewery Site to Be Developed
Mortlake riverside location expected to have a development value of over a billion
The owner of the Stag Brewery site opposite Dukes Meadows has appointed an agent to sell the plot for development. It has the potential to be one of the largest and most expensive riverside developments on the Thames.
The 21.2 acre plot is located on the south side of the river Thames near to Chiswick Bridge and close to the spot where the Oxford and Cambridge boat race finishes.
According to a report in the Estates Gazette, Gerald Eve has been appointed by drinks giant AB InBev to sell the site on the Lower Richmond Road in Mortlake. Brewing activities have taken place at the spot since the fifteenth century but it is now likely to be turned into luxury flats with prime river views looking across at Chiswick. It is estimated that 850 new homes could be built at the site.
The land is likely to be sold for around £100 million but the ultimately development value is estimated to be in excess of £1 billion. The brewery site comprises 353,000 sq ft of non-listed largely industrial buildings.
The Estates Gazette states that the site does not currently have planning permission, although Richmond council has included it as a residential-led site in an adopted planning brief which also includes a mixture of restaurants, shops, community leisure, a museum and boathouses.
The brewery will remain operational until the end of the year at least but closure has been planned for some time with the owner having moved operations to Wales and Lancashire. Last year production tanks were moved to its South Wales facility.
August 14, 2015