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Housing association partners with house builder for 700-home London scheme
A London housing association has announced it will partner with one of the UK’s largest developers to build up to 700 homes in north London.
One Housing will enter into a 50:50 joint venture with Countryside to regenerate the Gilbeys Yard and Juniper Crescent estates in Camden.
The project will aim to increase the number of homes across the two estates from 202 to between 650 and 700 over an eight-year period, with 50% of the new homes being affordable.
Residents of the estate were part of the procurement team to select the joint venture partner. The regeneration plans are still subject to a resident ballot, which is scheduled to take place in March 2020.
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Mike Johnson, group director of development at One Housing, said: “Following a rigorous procurement process, we are looking forward to working with Countryside, our residents and the London Borough of Camden to deliver this project.
“Countryside share our commitment to providing high-quality new homes. We were also impressed by their approach to resident engagement and their ability to demonstrate that they could deliver on added social value and community benefits.”
Andy Fancy, managing director for partnerships at Countryside, said: “We are thrilled to be partnering with One Housing on this landmark, mixed-use regeneration scheme in the heart of Camden.
“We are looking to deliver more than three times as many high-quality homes, including affordable homes, as well as ensuring that local residents benefit from attractive public open spaces and crucial local amenities – all vital in creating sustainable communities.”
Monika Petrasova, on behalf of the residents’ steering group for the estates, said: “We have been pleasantly surprised by the level of involvement in the regeneration project from the start. We were part of the moderation meeting, which has never happened before, and we also marked all the tender submissions.”
