Friday, 26 May 2017

L&Q to develop homes on the Olympic Park

The London Legacy Development Corporation has confirmed the appointment of London & Quadrant and house builder Taylor Wimpeytobuild 870 homes on the Olympic Park.

The 66,000-home housing association is to jointly develop the homes at Chobham Manor, the first of five new neighbourhoods to be built in the park after the games.

Although the Legacy Corporation is aiming for 35 per cent affordable housing across the park, only 28 per cent of the Chobham Manor homes will be affordable. The homes will betargeted at local people through housing associations.

The Legacy Corporation said that a Community Land Trust could be part of the affordable housing offer.

Chobham Manor will sit between the athletes’ village and the Lee Valley velo park where the basketball arena is.

Construction will begin in October once the Legacy Corporation takes operational control of the park after the games, and the first homes are expected to be completed by 2014.

Last month the Legacy Corporation secured outline planning approval to build 6,800 homes across five new neighbourhoods including Chobham Manor over the next 20 years.

The mayor of London, Boris Johnson said: ‘The development of Chobham Manor is major milestone and will help ensure a thriving community on the park becomes a reality sooner rather than later.’

David Montague, chief executive of L&Q, said: ‘This a unique opportunity to create new high quality homes in a family-orientated community in the Olympic Park, over 75 per cent with three or more bedrooms.

‘Our plans for Chobham Manor will help to ensure that there is a strong legacy of quality housing for Stratford following the games, which will include affordable homes available to local families to rent or buy.’

Andrew Altman, chief executive of the London Legacy Development Corporation, said: ‘These are significant milestones and examples of how London is further ahead in planning legacy than any previous host olympic city.” 

Pete Redfern, chief executive of Taylor Wimpey, said: ‘Chobham Manor will see us work with LLDC and L&Q to create a brand new community, providing east London with much needed family homes, facilities and supporting infrastructure.’

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