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Sunday, August 12, 2018

Park Modern: flats for super-rich leave key workers in the cold

Despite London’s housing crisis, half billion pound development beside Kensington Gardens won’t include a single affordable flat

It is billed as “London’s most prestigious residential development” and prospective super-rich buyers are offered the chance to be “neighbours to the new Duke and Duchess of Sussex” in Kensington Palace.

The developers have also ensured that residents won’t have to share walls with anyone on a modest wage as they made a not-uncommon agreement with Westminster city council and the mayor of London that the half-a-billion pound development overlooking Kensington Gardens should not include a single affordable flat despite the “housing crisis” gripping the capital.

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from Property | The Guardian https://ift.tt/2KNn2Fy
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