Barratt signs up for £250m Croydon development
More than 150 new affordable homes will be built as part of a £250 million housing-led redevelopment in Croydon.
Barratt Developments won the contract to work with Croydon Council and the Greater London Authority to redevelop the 83-hectare former hospital site in Croydon, one of the biggest redevelopment plots in the capital.
The proposals for Cane Hill in Coulsdon include the construction of 650 new homes, of which 163 will be affordable. There will also be 70,000 square foot of commercial space for business, leisure and retail development. Half of the homes under the proposal will be family housing.
A planning application for the site is expected to be submitted within the next 12 months, with the developers hoping to secure planning by the middle of 2014.
‘This is a great example of high quality public sector land being brought to the market and largely developed on the ‘build now pay later’ principle,’ said Mark Clare, chief executive of Barratt Developments.
‘We are committed to engaging with all the partners and the local community to design and deliver an outstanding place to live and work. Our selection to deliver this project underlines our capability to deliver high quality homes working in partnership with the public sector.’
Mayor of London Boris Johnson added: ‘This is a huge step forward in the development of much needed and quality housing on the site of what was an old and disused hospital, which has been derelict for too long. Supporting vital jobs in the construction industry, this project will also give a welcome boost to Coulsdon town centre. As we push on to deliver more affordable homes on public land, it is projects like Cane Hill which can help make neighbourhoods across the capital better places to live, work and invest in.’