The Grahame Park Estate in Colindale, NW9 is the largest Council estate within the London Borough of Barnet.
A Compulsory Purchase Order in 2007 started the regeneration of the estate but progress then stalled, largely due to the financial crisis which began shortly after.
Fast forward a few years and in 2016, a Government loan kickstarted the regeneration which was a joint venture between Genesis Housing Association and London Borough of Barnet.
Negotiations began in 2017 with Sawyer Fielding appointed by over 100 homeowners to represent them. We carried out valuations which in the majority of instances were considerably above the offers made by Genesis (later Notting Hill Genesis).
In 2023, a further phase of regeneration started, this time with London Borough of Barnet promoting it rather than Notting Hill Genesis. We were again appointed by the majority of the leaseholders to undertake negotiations on their behalf with Savills, the experts appointed by the Council.
We advised on Market Values, Statutory Loss compensation, Disturbance compensation and the Compulsory Purchase Order process.
Across the Estate, we have been appointed by over 100 homeowners. The sales we have negotiated are nearly all not in the public domain. As such, our knowledge of who genuinely sold for how much, is very helpful for negotiating other sales.
In Mid 2019, we recommenced negotiations with the remaining 10-12 flats, whilst most had already sold.
Acquiring Authority: London Borough of Barnet
Developer: Notting Hill Genesis
Surveyors we negotiated with: Savills