Lodha makes return with Kensington Odeon

In a dramatic return to the prime London residential market, a Lodha-affiliated company has exchanged contracts with Delancey to buy its super high-end Kensington Odeon development.

An SPV backed by Abhishek Lodha, managing director and chief executive of Lodha Group, is looking to buy the site which could have an end value of close to £300m.

India’s largest developer – which made headlines in 2013 when it bought the Canadian Embassy on Grosvenor Square, W1 for £306m –  has not bought anything since 2014.

But the developer is taking advantage of Delancey’s prime London