Criterion Group purchase development “at the back of Bannatynes”

THE Criterion Capital Group has completed the acquisition of the Howard Road development in Chafford Hundred.

The 2.64 acre site, near to Bannatynes, with consent for 140 residential units including 62 units pre-sold to Family Mosaic, was acquired from administrators after its previous owner also went into receivership before completing construction.

Thurrock Council had been in discussions with the Receiver, Allsop, and Family Mosaic for nearly a year to try and find a way of purchasing the site, but they did not put a successful bid together.

The Criterion Group own the Trocadero at Leicester Square but have recently branched out in residential areas.

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