Wates and Mount Anvil seal deal to deliver 1,100-plus London homes

The offers will see no less than 1,129 properties constructed throughout eight websites in Peckham, Camberwell, Rotherhithe and Bermondsey.

Of the whole pipeline, no less than 360 properties shall be council-owned and managed, with the remaining 769 properties delivered on the market and different tenures.

Wates Residential will ship 4 schemes at Wickway on the Gloucester Grove Property, Bells Gardens Property and Lindley Property in Peckham, alongside Wyndham Street in Camberwell. The bundle will present no less than 343 properties, all reasonably priced, together with a minimal of 131 council homes.

Mount Anvil will take ahead 4 additional websites at Seven Islands Leisure Centre and Pink Lion Boys Membership in Rotherhithe, plus 1–36 Priter Street and Beormund Faculty in Bermondsey. These schemes will ship no less than 786 properties, with a minimal of fifty% reasonably priced, together with no less than 229 council homes.

The newest agreements add to greater than 3,000 council properties already accomplished or below building throughout Southwark. The council mentioned detailed proposals shall be shared with residents as soon as preliminary designs are full, forward of planning submissions.

Cllr Helen Dennis, cupboard member for brand new properties and sustainable improvement, mentioned the borough was pushing forward regardless of wider market challenges.

“At a time when councils face main challenges in offering extra council properties, and plenty of developments throughout England have stalled, we’re proud to be forging forward with formidable plans to construct a whole bunch extra high-quality properties.

“We anticipate to supply no less than 60% reasonably priced housing throughout the entire developments, with top quality new council properties on the coronary heart of what now we have negotiated.”

Tom Copley, deputy mayor for housing and residential improvement on the Better London Authority, mentioned Metropolis Corridor grant funding would assist supply.