Obsidian gets the go-ahead for £13.5m maiden scheme in Chiswick

Obsidian Strategic, the JV set up at the end of October by Martin’s Properties and BlackOnyx, has been given the green light by planners to develop its first project: a high-end boutique scheme in Chiswick.

1-6 Wedgwood Villas (names after the founder of the Royal Horticultural Society John Wedgwood) will deliver six townhouses with “exceptional specification” in a gated development on a former open-air car park site, Horticultural Place, just off Turnham Green.

The six four-bed properties have been designed by Scott Brownrigg architects to combine a contemporary look with traditional materials. Set around a traffic-free courtyard, they each get three bathrooms, open-plan living areas, gardens and large roof terraces, as well as secure underground parking and cycle storage.

The $13.5m scheme will be formally launched for sale in the Autumn 2017.

Obsidian was formed by Chelsea-based investment and development company Martin’s Properties and luxury resi developer BlackOnyx, with grand plans to build a £100m land portfolio in outer prime areas in and around the capital, with a focus on “complex sites with scale and potential to create added value”.

David Ardley, of Obsidian Strategic and BlackOnyx: “Wedgwood Villas is a good example of the type of complex site without planning that we are looking to acquire through the new JV. It is a former car park site in a prime location and our development will enhance and add value to the surrounding area. The planning process took nearly a year to ensure that we were able to deliver the highest quality homes with a basement car park. This development will create an attractive new community for families and is part of our commitment to unlocking value from brownfield sites.

Read the full article on the PrimeResi website.