Grainger has secured approval from the Royal Borough of Kensington and Chelsea (RBKC) for two residential schemes, designed by Assael architects, in London.
The 19-27 Young Street and Hortensia Road schemes have a combined value of more than £110m.
Located just off Kensington High Street, Young Street will feature 53 one, two and three-bed homes.
The scheme will also include a gym, a high-tech residents’ club lounge, cinema, business suite and the basement level will have car and bike parking and storage facilities.
The development will replace an under-utilised 1960’s car park.
The Hortensia Road scheme will also be located on an under-used car park on a corner of the Kings Road.
Hortensia Road will provide 31 new homes, with a mix of affordable units and socially-rented apartments, each with its own balcony and access to communal areas.
Assael director John Badman said both of these schemes will provide new homes in two notable but under-used sites in London.
"Hortensia Road has resulted in a contemporary yet sensitive building that enhances the local area, and our design for Young Street is seen as an elegant addition to the neighbourhood, with a sensitive approach to scale mediating between the residential houses of Kensington Square and civic retail centre of Kensington High Street," Badman said.
As per the plans, more than 50% of the homes across both sites will be built specifically for the private rented sector.
Grainger will manage the homes under a 125-year agreement, for which it will receive a management fee.
Construction work on both the schemes is anticipated to begin within a year.
Image: More than 50% of the homes across both sites will be constructed for private rent. Photo: courtesy of Assael Architecture Limited.