Countryside and Notting Hill Housing form joint venture to deliver £330 million regeneration gateway scheme in Barking Town Centre
Countryside, the UK home builder specialising in place making and urban regeneration, and housing association Notting Hill Housing have entered into a partnership to deliver 911 homes for sale and market rent at Fresh Wharf in Barking Town Centre, along with complementary space for cafés, restaurants, commercial and community use. Folio London, Notting Hill Housing’s private rent subsidiary, has agreed to acquire 157 PRS homes from the joint venture.
The scheme will offer three-bedroom townhouses as well as high-quality apartments buildings ranging from six to 15 storeys to the north of the site. A large new open park will form the centrepiece of the development and 44% of the properties will have an allocated parking space.
The Fresh Wharf site is in a gateway location to the east of the A406 and to the west of Barking Town Centre, which is a ten-minute walk from the site. The southern part of the Fresh Wharf Estate (known as Muirhead Quay) has been redeveloped to provide modern industrial and commercial units. The site is adjacent to the River Roding and the North Circular.
Work on site will start in 2018 and the project is set to be completed in 2026.
Graham Cherry, Chief Executive of Countryside Partnerships South, said: “This is an exciting new development in an increasingly popular London location. The site is identified as one of the largest residential sites within the Barking Town Centre Area Action Plan (AAP), which makes a significant contribution towards the council’s target of some 6,000 new homes. We are looking forward to revitalising this area with our partner, Notting Hill Housing, and building much-needed new homes for London.”
John Hughes, Group Development Director at Notting Hill Housing, said: “Our joint venture with Countryside brings this significant new development a step closer. We are pleased to be working again with Countryside to provide new homes for this vibrant area and to continue the significant improvement and regeneration that Barking has seen in recent years.”
Source : Countryside