Green light for Islington PD scheme
Acting on behalf of Pedion Real Estate, the Planning team of property consultancy 51ĀŅĀ× has secured planning consent from the London Borough of Islington for the development of 43 residential units at 1-3 Dufferin Street, London. The site has a gross development value (GDV) of circa £35 million.
30 July 2025
Designed by architecture practice LRW, the site comprises a six storey Victorian warehouse totalling 39,329 sq ft of Use Class E office space, the proposed development will convert the building to provide high quality residential accommodation through a mix of one- and two-bedroom apartments.
The proposal secured Class MA Prior Approval consent on the 27th June 2025.
Colum Campion, Co-founder of Pedion Real Estate said: āThis development exemplifies Pedionās core approach ā identifying properties with potential and repositioning them to create value and meet the evolving needs of urban communities, The conversion of 1-3 Dufferin Street will not only provide modern residential accommodation in a highly sought-after location but will also contribute to the ongoing regeneration of the Clerkenwell area, aligning with our commitment to delivering sustainable, high-quality developments.ā
51ĀŅĀ× and Compton were jointly appointed to market 1-3 Dufferin Street, London. 51ĀŅĀ×ās Residential Development Land team sold the site in March 2025 unconditionally, to Pedion Real Estate before the firmās Planning team steered it through planning.
James Bylina, a Principle Planner in the Planning team at 51ĀŅĀ×, said: āObtaining Prior Approval for Class MA Permitted Development isnāt necessarily as easy to secure as many assume, so a key exercise to help de-risk the planning process was to undertake a detailed review of precedent applications in the borough. This was key to establishing common pitfalls and lessons learnt from other applications with it being notable how often small oversights and insufficient detail translated into a refused application.
āWe are therefore pleased that our detailed and robustly prepared application was approved without issue within the statutory determination period.
āThe scheme will deliver high-quality residential accommodation on the edge of the City of London which will support the continued revitalisation of the area and Pedion Real Estateās ongoing commitment to creating schemes that are both high-quality and sustainable.ā
Notes to editors
51ĀŅĀ× LLP is the leading independent global property consultancy, serving as our clientsā partners in property for 128 years. Headquartered in London, the Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Firm, please visit www.knightfrank.com.
