The firm’s residential sales brand Prime Place has been given approval for its Millbrook Park development in Mill Hill, Barnet.

The 1.1 ha site will deliver 159 homes for private sale and 29 homes for affordable rent.

Prime Place managing director Brian Brady said: “Millbrook Park is an ideal fit for Prime Place’s strategy of providing outstanding homes in popular locations and close to excellent transport links.

“We are delighted to achieve approval from Barnet Council and anticipate starting work on site very soon.”

Willmott Dixon had operated separate housing and regeneration businesses, but the two were combined to form Willmott Residential.

The regeneration arm includes private rented sector specialist be:here and Prime Place, which develops homes for sale.

Elsewhere, Prime Place is working with Westminster City Council to create leisure facilities at no cost to the council through cross-funding the creation of 156 homes.

Be:here is finalising 118 PRS homes at the Old Vinyl Factory site in Hayes and has planning permission for nearly 600 homes in Barking.

Construction News understands Willmott Dixon is considering floating its residential business to raise capital and significantly expand the division.

An IPO is understood to be the preferred option, although the company has not ruled out a sale of the business, with a decision expected at the end of the year.