TfL’s first joint housing development with Barratt London and L&Q …
Transport for London (TfL), through its wholly-owned commercial property company, has announced the completion of Blackhorse View, the first of its joint venture housing developments with Barratt London and London and Quadrant (L&Q).
The car-free development, construction of which began in 2019, has delivered 350 new homes opposite Blackhorse Road Tube and Rail station, with 50 per cent affordable housing. This marks another step forward in TfL’s ambition to deliver 20,000 new homes across the capital.
The affordable housing delivered by the development is managed by leading housing association, L&Q. Sixty per cent of the affordable homes have been made available through shared ownership, offering those looking to get their first step on the property ladder the opportunity to part-buy and part-rent a property.
The other 40 per cent are available at London Affordable Rent, the level of which is set by the Mayor of London. This is substantially below open market rents, helping to provide low-cost rented homes to support low-income households.
As well as creating new homes for London, the scheme has also helped create new jobs and apprenticeship opportunities throughout the life of the project. More than a quarter of the workforce came from the borough of Waltham Forest. The project also supported apprentices working on the scheme, as well as those who have taken part in TfL’s Construction Skills programme.
Tom Copley, deputy mayor for Housing and Residential Development, said: “Building new homes on TfL and mayoral land is a top priority for the Mayor. I congratulate TfL, Barratt London and L&Q for completing this development, which delivers 50 per cent affordable housing, including much needed homes at social rent levels.”
Rachel Wood, senior property development manager at TfL, said: “We’re incredibly excited to announce the completion of our first joint venture housing development. Working with Barratt London and L&Q, as well as Waltham Forest Council, we are proud to have delivered 350 new homes which the capital urgently needs as well as improvements for the local community.
“This marks a significant milestone in our wider development programme, which will see us use our land to deliver thousands of new homes, while raising vital revenue that will reduce TfL’s reliance on fares income. We’re thrilled to be continuing our partnership with Barratt London, tackling the housing shortage together, both at Wembley Park Gardens - with work having started on more than 450 new homes - and Acton.”
Stephen Thompson, managing director of Barratt East London, said: “This fantastic development is a shining example of what can be delivered through close collaboration, and we look forward to providing more, much-needed new homes across the capital through our flourishing partnership with TfL.”
Grace Williams, Waltham Forest Council’s leader, said: “Waltham Forest is committed to working with developers to build more affordable housing and we’re proud to have worked closely in partnership with TfL and Barratt London at every stage of the process over the past few years to realise and deliver the potential of Blackhorse View.
“The project has created more than 160 affordable homes, and lots of job opportunities for young residents of Waltham Forest, like Grace, and has also brought vital improvements to public spaces in the local area to benefit the local community such as new pedestrian and cycle links to Walthamstow Wetlands.”
By Mark Adair[1] – Correspondent, Bdaily
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →[2]
References
- ^ Mark Adair (bdaily.co.uk)
- ^ Find out how Bdaily can help → (marketing.bdaily.co.uk)