Harworth Group plc, a leading regenerator of land and property for sustainable development and investment announces the launch of “Project Spur”, a single family Built to Rent (“BTR”) portfolio of around 1,200 homes across 10 of its development sites. Harworth is today publishing marketing materials for the scheme, which represents
South Seaham Garden Village has taken a huge step forward with landowner Tolent completing the land sale to a trio of developers including Karbon Homes, Taylor Wimpey and Miller Homes. The completion of the deal means construction of the project, which was awarded garden village status back in 2019, can
Work already underway for first major residential scheme of affordable homes in central Bletchley UK property developer Godwin Developments has agreed a forward funding deal with CBRE UK Affordable Housing Fund (AHF) – a fund managed by CBRE Investment Management (CBRE IM) to deliver 184 affordable homes in central Bletchley,
Building new homes on brownfield land is not the solution to the national housing emergency even if significant government support is forthcoming, claims a report published today by the Land Promoters and Developers Federation (LPDF). According to the Banking on Brownfield report even if every site on council brownfield registers
Peel L&P and Pension Insurance Corporation plc (‘PIC’) are pleased to announce the commencement of construction of Miller’s Quay, the cornerstone investment in what will become the largest regeneration project in the UK, creating up to 20,000 permanent jobs. Miller’s Quay is a 500 one-and two-bedroom residential scheme which will
A comprehensive programme of improvement works at the Lockwood Way Industrial Estate in the London Borough of Waltham Forest has been completed and handed over by the main contractor BRAC Contracts. The £650,000 project was secured by BRAC following a competitive tender process and included improvement works to both the
Planning Consent For Leeds Urban Extension White Laithe Developments Ltd, as part of a consortium of landowners, has secured planning consent from Leeds City Council to transform land at Whinmoor into a residential-led sustainable urban extension with 2000 homes, which could facilitate significant job creation. Approval has been granted for
More than 50% of units reserved before sales officially launched at West London site Developer confirms acquisition of second boutique London site in Mornington Crescent Salboy, the nationwide property development and funding company, has launched the official sales process for its flagship London scheme, One Cluny Mews, after receiving high
ONE OF the North East’s most ambitious residential developments is set to begin, with Tolent appointed to commence work. Sunderland City Council has signed a deal that will see North East based Tolent take on the construction of 135 ultra-modern homes that will form the new Vaux neighbourhood at Riverside
Construction on Kangaroo Works, Sheffield City Centre’s new 14-storey residential development, reached an important milestone this week with Henry Boot Construction completing the highest point of the structure. The Kangaroo Works development on Trafalgar Street, which forms part of Sheffield City Council’s Heart of the City programme, has been gathering
Harworth Group plc, a leading regenerator of land and property for sustainable development and investment announces the launch of “Project Spur”, a single family Built to Rent (“BTR”) portfolio of around 1,200 homes across 10 of its development sites. Harworth is today publishing marketing materials for the scheme, which represents a unique forward funding and long-term investment opportunity for a prospective partner. Harworth announced plans to develop a single family BTR product in September 2021, as part of its strategy to grow its business to £1bn of EPRA NDV1 over five to seven years. This new product will be complementary to Harworth’s existing Build to Sell products developed by housebuilders at its residential sites and will support the Company’s ambition to double its residential plot sales to around 2,000 plots per annum over its strategic plan period. Project Spur will be an opportunity to acquire a single family housing portfolio of significant scale across 10 established sites in Yorkshire, the Midlands and the North West. The sites are in strong locations which are in close proximity to major conurbations and employment centres, as well as local amenities and transport connections. The sites have also benefited from Harworth’s investment, as well as its masterplanning and placemaking expertise, which have delivered extensive green space, recreational facilities and a well-deigned public realm. The introduction of the BTR product is expected to further add to the vibrancy and attractiveness of these communities. The housing type composition for the portfolio has been optimised for the single family BTR market, with a focus on two- and three-bedroom homes, all built to a high-quality design which is centred on sustainability. The project has an anticipated delivery timeline of three years, with phased handovers of the sites during this time. There will be the potential, subject to further agreement, for the partner to work with Harworth to introduce the single family BTR product to additional sites as part of future phases of development. Project Spur is being marketed by Allsop on behalf of Harworth. 1 European Public Real Estate Association (“EPRA”) Net Disposal Value: an adjusted net asset value metric that is one of Harworth’s Key Performance Indicators. “Harworth’s extensive portfolio is particularly well suited to delivering institutional quality single family rental homes at scale. Project Spur is part of our strategy to accelerate the development of our residential sites, providing a range of homes for local people and enabling diverse communities. We look forward to working with partners aligned to our purpose and ambitions, to continue delivering places where people want to live and work.” Lynda Shillaw, Chief Executive, Harworth Group “Project Spur is a rare opportunity to partner with one of the UK’s leading land and property regeneration specialists. Located in suburban communities across Yorkshire, the Midlands and the North West, these units provide a diverse and defensible portfolio of properties that benefit from close proximity and strong transport links to nearby employment and amenity centres.” James Crow, Head of Mixed Tenure, Harworth Group
South Seaham Garden Village has taken a huge step forward with landowner Tolent completing the land sale to a trio of developers including Karbon Homes, Taylor Wimpey and Miller Homes. The completion of the deal means construction of the project, which was awarded garden village status back in 2019, can now progress. Infrastructure works linking the development to the nearby A182 are due to start this summer with the first phases of housing commencing early in 2023. The development will bring 1,500 new homes to the area. 750 homes will be developed for private market sale by Miller Homes and Taylor Wimpey, with the remaining 750 homes to be of mixed tenure including rent to buy, shared ownership and affordable rent options. It is hoped that a proportion of the affordable homes will be designed to meet the emerging net-zero standards providing lower operational costs for residents as well as minimising the environmental impact of the development. Paul Webster, CEO at Tolent said: “South Seaham Garden Village will provide a diverse mix of homes providing a vibrant community on the outskirts of Seaham. The site has been owned by Tolent for a number of years and we have been working in partnership with Durham County Council to create an ambitious garden village that will provide innovation in the local housing market. “Approximately half of the development will be managed green space including play areas and a grassed playing pitch lined by a network of over three miles of landscaped paths and cycleways which coupled with its coastal setting make it an idyllic location.” Tolent will remain engaged in the project following the sale of the land and has entered into a construction partnership with Karbon Homes to deliver their share of the properties supporting local housing delivery over the next decade. Sarah Robson, Director of Development and Regeneration at Karbon Homes, said: “We’re delighted to have bought our share of the land at South Seaham Garden Village and are looking forward to bringing 750 much-needed, affordable homes to the area. This is the largest development we have embarked on to date and we’re excited to be playing a part in bringing this vibrant new community to County Durham.” In addition to the planned housing, the project includes a new village centre, which will include the delivery of a two-form entry primary school and a range of community facilities. Russ Hall, Managing Director of Taylor Wimpey North East, said “We are pleased to continue our investment in the North East and the South Seaham Garden Village project is a result of considerable hard work to date that will be evident on the ground soon. We are excited to be part of the delivery of another major development in the North East and the delivery of a new garden village community” Patrick Arkle, Managing Director, North East at Miller Homes said: “This is a key location for us in the region, Seaham has transformed over the years into a popular beachfront destination and an up-and-coming place to live. As a team we’re excited about South Seaham Garden Village, the scale of the site presents lots of opportunities and we believe it will become a flagship development offering an excellent range of much-needed three, four and five-bed homes.” The site is set to be a testbed for future technologies with a range of modern methods of construction planned for use with the potential for off-site panellised solutions and a range of alternative building methodologies currently being considered.
Work already underway for first major residential scheme of affordable homes in central Bletchley UK property developer Godwin Developments has agreed a forward funding deal with CBRE UK Affordable Housing Fund (AHF) – a fund managed by CBRE Investment Management (CBRE IM) to deliver 184 affordable homes in central Bletchley, Milton Keynes. The four-acre scheme, named Bletchley View, will provide a mix of affordable and shared ownership properties, a combination of one and two bed flats as well as 12 three-bedroom houses. CBRE UK Affordable Housing Fund (AHF) invests in affordable housing with the aim to have a significant social impact across the United Kingdom. Bletchley View will cater to the growing demand for affordable homes in the area, especially from young people and families, seeking quality housing within commuting distance to employment opportunities. It will consist of two six and five-storey buildings, a row of townhouses as well as commercial spaces for the benefit of residents and the neighboring communities. Aligning with the sustainability ambitions of AHF and Godwin, air source heat pumps for hot water and a mechanical ventilated heat recovery system will be installed. The scheme is also located close to a train and bus station to help promote the use of public transport. Stuart Pratt, Founder and Director at Godwin Developments said: “With its proximity to Milton Keynes, the UK’s newest and fastest growing city, Bletchley has significant potential to become a modern thriving urban destination as outlined in the plans for its regeneration. “We are therefore thrilled to have partnered with CBRE IM in delivering the first major new residential scheme in the area which will ensure local and new residents have access to a range of quality affordable homes. This scheme aligns perfectly with our strategy for developing a range of residential opportunities across key growth locations nationwide.” Andrew Davey, Head of Liability Aware Strategies at CBRE Investment Management commented: “We are particularly proud of our partnership with Godwin as it demonstrates the commitment we have to providing affordable homes where they are needed most. Our business plan proactively manages the scheme by setting rent levels and shared ownership prices to meet the specific affordability requirements of the local population. “We look forward to working with all our partners on this development and are excited to be delivering affordable, sustainable homes to the community of Bletchley.” Part of the multi-million-pound redevelopment plans for the Buckinghamshire town, famous for its role in World War II code breaking, Bletchley View will also support ambitious local plans for delivering more homes, wider infrastructure upgrades and amenities to the area. Located adjacent to Bletchley station, with connections to London and across Oxfordshire and Cambridgeshire as a part of East West Rail, the scheme will be close to a range of existing amenities, with more to be delivered soon as a part of the metropolitan hub. When completed and fully occupied, it will sustain a diverse range of local shops, bars, cafes, restaurants, niche retail and SMEs which are expected to make Central Bletchley a destination in its own right. National business Winvic Construction has been appointed as the main contractor on the scheme with work on site already underway and expected to complete in Q2 2024. Godwin was advised by agents CBRE and lawyers Hamlins. Simply Planning were the planning consultant. Advisors to CBRE Investment Management were Penningtons and CS2. Godwin Developments has a fast-growing nationwide portfolio, including nearly 3,000 residential units nationwide some of which are set to begin construction in the second half of 2022. The business operates across the BTR sector covering both multifamily and single-family housing as well as affordable homes with a number of residential developments covering Nottingham, Doncaster, Cambridgeshire, Milton Keynes and Derby, and many more in the pipeline. The company’s commercial and industrial divisions work includes recent developments in Northamptonshire, Staffordshire, Dorset and Cambridgeshire, alongside a strong UK-wide pipeline.
Building new homes on brownfield land is not the solution to the national housing emergency even if significant government support is forthcoming, claims a report published today by the Land Promoters and Developers Federation (LPDF). According to the Banking on Brownfield report even if every site on council brownfield registers was to be built out in full, brownfield land capacity only equates to just under a third (31%) of the 4.5 million new homes needed over the next 15 years. Undertaken on behalf of the LPDF by planning and development consultancy Lichfields, Banking on Brownfield asks if previously developed land can supply enough homes, of the right type, where they are needed. The answer is a resounding no. The analysis comes in response to the Levelling Up White Paper, 2021 Conservative Party Conference speeches and the £1.5 billion Brownfield housing fund which have all suggested brownfield land as the solution to meeting the country’s housing needs. The report shows: 1.4 million estimated net housing capacity on listed sites in Brownfield Registers (after 58,000 are deducted due to double counting). 23,500 individual site entries on Brownfield Registers (after 1,000 are deducted due to double counting). 31% net brownfield capacity as a proportion of the amount of housing needed over the next 15 years. 48% of potential homes on Brownfield Registers are estimated to be flats, compared with 17% of households likely to live in flats. 1 to 27 – the ratio of one new brownfield house (as opposed to flats) to every 27 households likely to live in houses. 57% of brownfield capacity outside the Greater South-East (GSE) is within the two least viable quintiles (20%) of LPA areas (compared with less than 3% of those in GSE). 68% of the Housing Market Areas (HMAs) with more brownfield capacity (relative to their housing need) are already more affordable than average. There were 132,000 net housing additions built in England in 2001 when ‘brownfield first’ was the dominant national housing supply policy objective (compared with 234,000 p.a. on average over the last three years). According to thereport, brownfield registers suggest that 81% of new homes that could be delivered in 19 urban authorities with uplifted housing requirements will be at apartment densities, rather than family houses. The research also highlights the viability challenges in these areas, assigning 15 out of 19 uplifted authorities to higher viability risk profiles which will also undoubtedly contribute towards their limited delivery of affordable homes. LPDF chairman Paul Brocklehurst said: “If the Government wants to meet its target of building 300,000 homes each year, no source of land can be ‘off the table’. Our analysis in this report shows that there is simply not enough brownfield land in any part of the country to meet housing needs alone. “The re-orientation of housing policy, and Homes England efforts towards brownfield regeneration, may help support the conditions where viable and developable land can come forward, but many of these sites will also require grants to unlock them, at greater expense to the taxpayer. Even with this policy support, greenfield land development will still be needed in every region, to meet current housing need.” He added: “The competition for urban land is ever present, markedly between economic and residential uses. Our research finds the opportunity cost of prioritising brownfield land for housing rather than employment is significant in pricing out industrial and office development to potentially sub-optimal locations.” Matthew Spry, senior director and head of Lichfield’s London office said: “Lichfields is delighted to partner again with the LPDF on this topical research. Our analysis shows that even if all identified brownfield land could be viably developed, we are a long way from being able to rely on it as the supply-side solution to the housing crisis. “And in reality, this theoretical capacity cannot all be delivered: much capacity is tied up in complex estate regeneration projects, or is best suited for continued industrial use, or includes contaminated land, or is in areas where development won’t be viable. Many brownfield sites are also earmarked for apartments, when the overwhelming demand is for houses with gardens. “While brownfield land will form an important part of the mix, the experience of the late 1990s tells us that banking on brownfield will lead to a sharp fall in new house building and undersupply in every region. Local planning authorities should plan positively for brownfield development but accompany this with a realistic supply of land of all types, capable of delivering the right type of homes, and where and when they are most needed.” The report says the current Brownfield Registers have significant shortcomings when evaluating the quantum of developable land overall. This makes them an unreliable basis for policy makers to decide on the number of homes that can be built in different areas. It states: “Significant work is needed on improving data quality if it is to withstand the evidential burden that will be placed upon it if the Government chooses to make brownfield land availability a key part of its new planning reform agenda. A modest assessment of the Brownfield Register finds significant numbers of duplicate records. Our simple test for duplicates removed around 1,000 sites accounting for 58,000 homes.” The research complements another recently published report by the LPDF – An affordable housing emergency: the national failure to provide the homes we need (read full report here). It found that the Government must urgently introduce new policies to end the scandalous shortage of new affordable homes being developed if it wants to tackle the national housing emergency. Both the Affordable Housing Emergency and the Banking on Brownfield Land reports by the LPDF highlight the serious lack of supply of new social homes and how focusing development on brownfield sites in less viable locations across the country is likely to lead to reduced levels of affordable housing provision, further exacerbating the affordable housing emergency. Paul Brocklehurst added: “The Government’s proposals to widen Right to Buy to housing association properties will make
Peel L&P and Pension Insurance Corporation plc (‘PIC’) are pleased to announce the commencement of construction of Miller’s Quay, the cornerstone investment in what will become the largest regeneration project in the UK, creating up to 20,000 permanent jobs. Miller’s Quay is a 500 one-and two-bedroom residential scheme which will continue the delivery momentum at Peel L&P’s Wirral Waters, a 500-acre brownfield site and former dockland. Wirral Waters is supported by central Government as a key part of its levelling up strategy. The £130 million Miller’s Quay development has been made possible through a special partnership between highly experienced developer and regeneration business, Peel L&P, Wirral Metropolitan Borough Council (‘WMBC’) and long-term investor, PIC, who are Peel L&P’s funding partner. Construction company Graham is the contractor for the scheme. The commencement of construction was marked by a ground-breaking ceremony on 11 July with Rob Groves, PIC’s Chief Investment Officer and Hayley Rees, Managing Director of PIC Capital; James Whittaker, Peel L&P’s Executive Director for Development; Steve Rotheram, Metro Mayor of the Liverpool City Region; and Councillor Jeff Green, The Mayor of Wirral. Hayley Rees, Managing Director of PIC Capital, said: “The development of Miller’s Quay is a model for how long-term investors can play a key role in the levelling up agenda and create considerable social value. The site will provide much needed housing for the Wirral and offers secure long-term cashflows to back the pensions of our 300,000 policyholders, some of whom live in the region. We hope that the regeneration lease structure used to finance Miller’s Quay can be adapted across a range of sectors and projects for other local authorities, as well as housing associations, universities, NHS trusts and other organisations looking to unlock funding for regeneration schemes around the country.” James Whittaker, Executive Director of Development at Peel L&P, said: “This is a truly landmark moment for Wirral Waters with construction on this much anticipated residential scheme now starting. Miller’s Quay is a major scale, catalytic and highly sustainable residential development that we consider to be a great example of brownfield regeneration. This project will pave the way for a number of waterside residential schemes in the new Northbank neighbourhood and it will also deliver considerable social value through comprehensive engagement with both Wirral Met College’s Construction Campus and local supply chains.” Sue Higginson, CEO of Wirral Met College, said: “We are excited about the opportunities that this development offers and look forward to working with Peel and Graham to equip our students with the skills, knowledge and behaviours they will need to succeed through on-site experience, learning seminars, and apprenticeships.” Jonathan Hall, Regional Managing Director (Building South) at GRAHAM commented: “Graham are delighted to add this prestigious residential project to the secured pipeline of work in our Liverpool Region. We are very excited to get started on this significant and much anticipated development that will deliver top quality new homes locally. Performing such a key role on one of the UK’s largest regeneration projects is a huge boost for us and will enhance our residential portfolio, a sector for which we are known for our quality and delivery.” Mayor of Wirral, Cllr Jeff Green, said: “This is another key milestone in the story of Wirral’s regeneration. These new homes, on a brownfield site, show that our ambitions for the Left Bank area from Bromborough to New Brighton through Birkenhead, Seacombe and Wirral Waters, are coming to fruition and delivering the developments people want and need. This shows the value of our work with partners including the Government. Miller’s Quay is also a real statement of confidence in the future of Wirral Waters and the whole Left Bank area, one which will provide homes – including 100 affordable homes – for hundreds of people.” About Miller’s Quay Miller’s Quay is a 500 apartment Build-to-Rent residential development and the cornerstone scheme for the broader Wirral Waters development. The project has been made possible through a long-term, regeneration lease structure, providing funding for Wirral Metropolitan Borough Council, which would not have been available from traditional structures, while generating the secure long-term cashflows which allow PIC to match its pension payments decades into the future. The project has been designed to deliver social good to the area with a core focus on sustainability, utilising a range of energy efficient and low carbon technologies to reduce carbon emissions: All buildings across the Wirral Waters regeneration project are targeting BREEAM Excellent, including Miller’s Quay, as well as significant bio-diversity improvements with the planting of more than 1,600 trees so far. Miller’s Quay, will use a range of energy efficiency and low carbon technologies to reduce carbon emissions, including solar power systems, and air source heat pumps. Miller’s Quay will be surrounded by parks, green spaces, dockside walkways and cycle routes, with homes having access to cycling storage and electric vehicle charging points. One in five apartments to be designated as affordable housing units, with rents set at a maximum of 80% of open market value. The Peel L&P delivery team will continue to engage with the Wirral Met College’s construction students for site visits, seminars, work experience and apprenticeships, enabling the students to benefit from experience on the project as we seek to create the construction workforce of the future. Sustainable Urban Drainage to manage surface water from the site into the Docks through the provision of rain gardens, climate tolerant planting and tree pits designed to accommodate a 1 in 100-year storm.
A comprehensive programme of improvement works at the Lockwood Way Industrial Estate in the London Borough of Waltham Forest has been completed and handed over by the main contractor BRAC Contracts. The £650,000 project was secured by BRAC following a competitive tender process and included improvement works to both the industrial units, as well as the surrounding public realm. Located within the Blackhorse Lane Creative Enterprise Zone, the Lockwood Way Industrial Estate is home to an eclectic mix of local businesses including two craft breweries and a vintage scooter specialist. The improvement work has been carried out not only to further increase the attractiveness of the area to new businesses, but also to improve it for those already based there. The estate now boasts attractive new frontages to the industrial units, signage for both the businesses themselves as well as the wider estate, artwork, footpath widening, fencing, landscaping, and road resurfacing. It brings to life a vision created by We Made That. BRAC’s MD, Adam Clark, comments: “As an area identified for investment, Lockwood Way possessed huge potential not only to be updated and made more attractive to current and potential tenants, but also to become a more integral part of the local community. “Through the work that we’ve delivered against the vision outlined by the team at ‘We Made That’, the estate now has the potential to offer ‘after hours’ facilities and increase its vibrancy beyond all measure! We’re delighted to have been involved in such an important project and look forward to witnessing it being enjoyed.” The transformation of Lockwood Way will be celebrated on July 16, 2022, with a family-friendly block party featuring live music, children’s activities and street food. Concluding, Councillor Ahsan Khan, Deputy Leader and Cabinet Member for Housing and Regeneration at Waltham Forest Council, comments: “Lockwood Way Industrial Estate has become a home for a broad variety of creatives, makers, and artisans who have transformed it into a bustling hub of culture and small businesses. We are delighted to have worked with We Made That and BRAC, alongside local businesses, to improve the area and build upon its heritage to support new industries finding their way and help local up-and-coming talents establish themselves. “The Lockwood Way project is an amazing opportunity to highlight the skills and services available in the borough, support local business growth and create jobs, and protect the breadth of creative diversity in the area.” Further information on the Lockwood Way Industrial Estate can be found here: https://www.walthamforest.gov.uk/regeneration-and-growth/regeneration-blackhorse-lane/regeneration-blackhorse-lane/lockwood-way
Planning Consent For Leeds Urban Extension White Laithe Developments Ltd, as part of a consortium of landowners, has secured planning consent from Leeds City Council to transform land at Whinmoor into a residential-led sustainable urban extension with 2000 homes, which could facilitate significant job creation. Approval has been granted for the creation of a new community including 2000 homes, a local centre, a primary school, public open space and part of the East Leeds Orbital Road. The circa 250 acre site comprises three adjacent parcels of land, off Coal Road and Skelton Lane, between the A58 Wetherby Road and the A64 York Road. The residential development, which will be the primary land use within the site, will incorporate a mix of market and affordable homes from two bedroom apartments to five bedroom townhouses. Leeds City Council is required to deliver 51,952 new dwellings between 2017 and 2033, with a target that 3,247 dwellings per year should be delivered. The land at Whinmoor will significantly assist in contributing to housing delivery as it will accommodate 2,000 units of the wider East Leeds Extension site, which has an allocated capacity of 3,771 homes. The new primary school will be a two-form entry school and the mixed-use local centre will provide a variety of retail, community and health uses as a focal point for the new community. The development will also provide the first phase of the East Leeds Orbital Road between the A58 Wetherby Road and the A64 York Road, connecting surrounding communities. Peter Garrett, Managing Director of Keyland Developments – one of the JV partners, said; “The planning consent has facilitated an entirely new extension of Leeds to bring about much-needed housing and associated community facilities as well as a vital new road connection. The development has the potential to deliver a multitude of economic and social benefits, including significant job creation, and we are pleased to have played a role in unlocking its potential.” John Carter, Director at Evans Property Group – a JV partner, commented; “Developments of this scale have the ability to ensure the long-term success of cities and we are delighted that this strategic site at Whinmoor will be brought to life as a vibrant mixed-use development with a community at its heart. Development of sites like this is crucial and we are looking forward to seeing the scheme progress.”
More than 50% of units reserved before sales officially launched at West London site Developer confirms acquisition of second boutique London site in Mornington Crescent Salboy, the nationwide property development and funding company, has launched the official sales process for its flagship London scheme, One Cluny Mews, after receiving high demand from buyers for pre-sales reservations. With a £40 million GDV, One Cluny Mews is Salboy’s first residential development in London. It comprises 35 high quality 1, 2 & 3 bedroom apartments, including 8 duplex penthouses. The development is located in the popular and affluent area of Earl’s Court, a part of Kensington in west London that has experienced significant investment and regeneration in recent years, yet offers limited new build opportunities. Properties at One Cluny Mews are now available to purchase and will be marketed to individual homebuyers and investors throughout the UK as well as by Salboy’s overseas sales partners in the Middle East and Asia. 50% of the units under development have already been reserved by individual buyers, indicating the persistent high demand for high quality, prime residential property in central London. While One Cluny Mews marks Salboy’s entry into the London residential property market, it is the first of several London schemes in Salboy’s pipeline with a combined GDV of over £100 million. Salboy has also announced today the acquisition of its second London site in Mornington Crescent. The company has a pending planning application to build more than a dozen boutique residential properties on the brownfield site that is located close to Kings Cross and St Pancras in Zone One. Simon Ismail, Co-Founder & Managing Director of Salboy, comments: “London is a key part of our long-term growth strategy as a developer and funder of high quality housing across the UK. We’re delighted to have achieved such a high level of early buyer interest and commitment in our first development in the capital. We look forward to sharing with more homebuyers and investors what One Cluny Mews, our new site in Mornington Crescent and our other pipelined London schemes can offer them over the coming months.” Salboy’s dedicated construction partner, DOMIS Construction is active on site, with all construction on site expected to be completed Q2 2023. Designed in collaboration with architects, Studio Power, the thoughtful, sleek design of One Cluny Mews will make for spacious, bright living. Along with the latest security systems and concierge services, the site will be enclosed within private gates offering residents homes they can truly relax in. The private residents’ garden will enhance this sense of ease, providing a sanctuary from the hustle and bustle of the nearby city. A small number of home offices that open out onto the private courtyard are also available for residents to buy. This news comes after the recent announcement that Salboy has entered a joint venture agreement with Relentless, the property development company owned by Gary Neville, to deliver Manchester’s long-anticipated St Michael’s development, a scheme comprising a 5* hotel, homes and leisure spaces.
ONE OF the North East’s most ambitious residential developments is set to begin, with Tolent appointed to commence work. Sunderland City Council has signed a deal that will see North East based Tolent take on the construction of 135 ultra-modern homes that will form the new Vaux neighbourhood at Riverside Sunderland, the first of 1,000 homes planned for the area as part of ambitious plans to double the number of people living in the city centre. The £40m project will see Tolent construct the stunning sustainable houses using modern methods of construction, renewable energy and smart technology to reduce the carbon footprint of the development, producing high quality, low carbon properties in the heart of the city. The homes will stand alongside The Beam and City Hall – the latest development to rise from the ground at Riverside Sunderland. One of four new communities that will take shape at Riverside, construction work on the scheme is expected to commence within weeks, forming the first of the new distinct neighbourhoods that will create city centre housing for up to 2,500 residents. The homes will provide a future living offer that will attract new and existing Sunderland residents to live in the vibrant city centre, with the homes sitting alongside the orchards and allotments of Kingsley Gardens and nearby Riverside Park, which is continuing on its journey towards an accessible, attractive and ecologically diverse parkland. The Vaux neighbourhood will be the site of the Expo Sunderland in 2024 which will showcase the new homes and the aspirational lifestyle offer that Sunderland will provide. Included in the scheme will be a cluster of award-winning dwellings, that were selected as the best in the national Homes of 2030 Design Competition – which explored how homes will look and function in the future. The properties are based on the winning designs in the Homes of 2030 competition, which was launched in March 2020, and managed by the Royal Institute of British Architects, to encourage the design of environmentally-friendly homes that support people in leading independent, fulfilling lives as society ages. +Home designed byigloo Regeneration with Useful Projects, Expedition Engineers and Mawson Kerr andConnector Housing designed by Openstudio with Hoare Lea, LDA Design and Gardiner & Theobald were the joint winners of the competition, and it is their designs that will stand proudly on the site if approved, shining a spotlight on future living and showcasing the ambitious plans the council has to make Sunderland a world-class place to live, work and play. Councillor Graeme Miller, leader of Sunderland City Council, said: “We’re absolutely thrilled to have taken this final step to get work started on our flagship residential scheme at Riverside Sunderland. The housing developments on Riverside Sunderland will be world-class, and Tolent is an ideal partner to deliver them, based locally and capable of building these aspirational homes. “We’re innovating with this scheme, using modern methods of construction, renewable energy and smart technology that align to our low carbon and smart city ambitions, and that will also allow the next generation to learn how to build the homes of the future, as we also push ahead with the Housing Innovation and Construction Skills Academy (HICSA), an important part of the housing ecosystem we’re trying to create in Sunderland.” HICSA is backed by the Government’s Levelling Up Fund and will create a state of the art learning space at Sheepfolds, where – in partnership with Sunderland College and the Ministry of Building Innovation and Education (MOBIE) – the council will ensure that the city’s residents are trained up in modern construction methods that will enable them to build many of the 1,000 homes set to be developed on Riverside Sunderland, as well as elsewhere in the city. As HICSA prepares to take shape, Tolent – a firm that will deliver significant social value – will ensure that the first new homes deliver the maximum local advantage, with a range of commitments to work with local people and support the local supply chain, as well as voluntary and community organisations across Sunderland. In all, over £17m of social value activity – including supporting local jobs for a range of people including apprenticeships and placements, a commitment to spend in the local area through the growth of regional supply chains and a variety of schemes to engage with local community groups – will be delivered during the construction phase of the project. Paul Webster, chief executive officer of Tolent, said: “Vaux neighbourhood is an amazing project that showcases the strides being taken in Sunderland to modernise the city centre. The world-class houses being built will provide a community fit for the future and an archetype for sustainable housing. As a truly local business, we are proud to be involved in the project and to showcase our ability to meet and exceed the capabilities of national contractors on a local level. The project will complement a number of local landmarks that we have constructed including The Beam, Beacon of Light and Echo Building. We have been working closely with the entire team since being appointed preferred bidder back in September and we can’t wait to get started!” Construction work on the development is due to commence during the summer and the first tranche of homes will be completed by the end of 2023. The housing is part of an ambitious and exciting masterplan for Riverside Sunderland that will include residential, commercial and leisure developments. It is part of a programme of development projects in the Riverside Sunderland area that, taken together, aim to double the residential population in the city centre and increase employment by 50 per cent and also fits with the city’s housing strategy, which will see 7,000 new homes build by 2030. To stay up to date with Riverside Sunderland developments, visit www.riversidesunderland.com or follow @RiversideSund on social media.
Construction on Kangaroo Works, Sheffield City Centre’s new 14-storey residential development, reached an important milestone this week with Henry Boot Construction completing the highest point of the structure. The Kangaroo Works development on Trafalgar Street, which forms part of Sheffield City Council’s Heart of the City programme, has been gathering momentum in recent months and now the building’s concrete frame has reached its highest point – 46 metres from the ground. A joint venture from US investor Angelo Gordon and real estate experts Ridgeback Group, Kangaroo Works will see an injection of 365 high-quality homes into the city centre. A mix of one, two and three-bedroom apartments, with five commercial units included on the ground floor, the block’s design features a distinctive brick façade that nods to the site’s former industrial heritage. The stylish urban development is complemented by a landscaped central courtyard and rain garden. To celebrate the scheme’s latest milestone, the project’s Sheffield-based contractor, Henry Boot Construction, welcomed key representatives from Sheffield City Council, Ridgeback Group, David Ashley Construction, Whittam Cox Architects and Sweco on 28 June for a tour of the site and an official topping-out ceremony. Tony Shaw, Managing Director for Henry Boot Construction, commented: “This has been a challenging city centre site so we’re absolutely delighted to reach the highest point of the build on track. It’s been a great achievement by the team and today was a nice opportunity to showcase the progress we’ve made to date. Kangaroo Works is one of the largest residential schemes in South Yorkshire and, as a local business, we’re proud to be involved.” Christopher Allen, Senior Development Manager for Ridgeback Group, added: “This part of Sheffield of undergoing rapid change and it is exciting to be involved in the delivery of one of the key sites within Heart of the City. Topping out is always a significant milestone and we hope that most of the site complexities are now behind us. We are looking forward to launching 365 rental apartments later this year and welcoming new residents in 2023.” Kangaroo Works is due to be completed in the first half of 2023. The development sits alongside other key Henry Boot Construction projects within Heart of the City, including Pound’s Park, Elshaw House and Cambridge Street Collective.
