The good KOV folk have asked for more details on the company that owns the Island site in Vauxhall where two new tall towers are planned. I briefly posted the location of the site itself, here a few days ago.
The site is in the process of transfer from from Walford Maritime Pension Fund to development company, Kylun Ltd. Kylun Ltd. sent some representatives to KOV, who were apparently astonished to hear about the requirement to provide social housing, but they're only at the early planning stages!
According to their blurb, Kylun Ltd is a Special Purpose Vehicle (SPV) and the Island site will be its first project in the UK. Fal Oil company, an established and successful, private United Arab Emirates oil trading and bunkering company, is providing the financial backing for Kylun’s development operations in the UK. Squire & Partners have been appointed by Kylun as architects.
If planning permission is granted, Kylun will identify a development partner to deliver the scheme.
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