Wates Living Space Homes has been contracted to build a £48m residential development in south London. Above: Artist’s impression of Thrayle House Work on the new Thrayle House development in Stockwell is expected to start this month with demolition of an existing three-storey building. Thrayle House, for which planning permission was granted in April, is the latest phase in Network Homes’ £200m Stockwell Park regeneration programme. The scheme will provide 177 new homes, with 81 for social rent and 96 for private sale. Designed by PRP Architects, the development will also have 1,358 m2 of retail and community space. Just last week Wates Living Space Homes handed over the completed Park Heights development to Network Homes. That £28m contract was for a 20-storey apartment building in Stockwell Park on the site of a former 1960s block. Wates Living Space Homes managing director Joanne Jamieson said: “Our role as developer at Thrayle House builds on our strengthening relationship with Network Homes and our continued role in the transformation of the Stockwell Park Estate. “We wholeheartedly share in Network Homes’ ambitious vision for this regeneration scheme, to create high quality and high specification homes for local people, whilst bringing extensive benefit to the local community.” Network Homes director Vicky Savage said: “This is a landmark project in the regeneration of the Stockwell Park Estate and one that is incredibly important to Network Homes, the residents and the local community.  We really look forward to working with Wates Living Space Homes who will bring their significant expertise and resources to this project.” This article was published on 7 Jun 2016 (last updated on 7 Jun 2016). Source link

18 June 2016 – by Alexander Peace Housebuilders are divided over whether supply can be increased, according to Knight Frank’s Housebuilding Report. It found that 44% of respondents expected housing completions to remain flat or decline over the next 12 months, with 41% expecting starts to slide too. Despite government incentives, housebuilders identified labour costs and planning issues as the key constraints. Just over 152,000 new homes were built in 2014/15, which Knight Frank predicts to rise to 172,000 in 2015/16. This is well below government targets of around 200,000 new homes each year. David Fenton, Knight Frank’s head of regional land, said: “The only dark cloud is build cost inflation and labour shortage, both of which are hampering delivery. However, Help To Buy continues to have a positive effect on sales rates.” Fenton said sentiment among housebuilders was still positive, though many were becoming more selective in land acquisition. All the content from this weekís magazine, including this article, is available in the new app. Almost three-quarters of housebuilders said the cost and availability of labour would have a negative effect on building. Other hurdles included public land and planning. Increased resources for planning teams and access to public sector land were the top priorities to help increase building totals. Source link