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TfL selects JV partner for 50% affordable scheme in north-west London
Transport for London (TfL) has established a joint venture (JV) with house builder Barratt London to deliver 450 new homes in Brent, north-west London.
Of the homes built, 50% will be affordable and will include a combination of shared ownership and social rented homes.
The homes, which will be located close to Wembley Park Station, and will be a mixture of studio, one, two and three-bedroom properties and will be spread across five buildings.
New commercial space and public realm improvements will also be developed on the site, which is located within the Wembley ‘growth area’.
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According to the London Plan, the area has the potential to deliver at least 11,500 new homes and approximately 10,000 new jobs by 2026.
These proposals form part of TfL’s housing programme, which aims to provide 10,000 homes across the capital, of which 50% have been affordable since May 2016.
Jonathan Cornelius, head of property development at TfL, said: “It is fantastic to be working with Barratt London on this opportunity to deliver hundreds of high-quality new homes in Wembley, with 50% affordable housing, as well as providing a range of improvements to the area for the local community.
“Following our very positive experience working with Barratt London on Blackhorse View in Waltham Forest, we look forward to engaging with people in Brent and hearing their feedback on our plans to help tackle the housing crisis and provide improvements for the local community.”
Matt Calladine, regional land and development director at Barratt London, said: “The site at Wembley Park Station is an important development site in the context of the wider Wembley regeneration area.
“We are looking forward to working closely with TfL, the London Borough of Brent and local stakeholders to ensure the delivery of high-quality homes and mixed-use accommodation that will be a fantastic enhancement to the local area.”
