Asset Plus One Ltd
22 South Audley Street,
London,
W1K 2NY
tel: 020 7493 3961

Administration:
The Office, 1 Church Street
Little Bedwyn, Marlborough
Wiltshire SN8 3JQ
tel: 01672 871659

Cannon Lane Properties

Asset Plus One owns 50% of Cannon Lane Properties (CLP)

which is a development vehicle for us. In 2007 CLP, together

with its equity partner purchased a 5 acre brown-field site

in Tonbridge with planning consent for retail warehousing.

This lies adjacent to a 2 acre riverside site owned by the

Environment Agency (EA) controlled by CLP under a

Lock-Out Agreement. CLP saw the potential for a

residential led mixed use redevelopment of the entire

site and has been working closely with Tonbridge and

Malling Borough Council and the EA to identify an

exemplar solution to the sensitivities posed by the

floodplain locations. We have now exchanged a

contract for the sale of the scheme subject

to planning.

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