Council developer submits £400m Croydon town centre plan

Croydon Council’s in-house development company Brick by Brick has submitted plans for a five-building mixed-use development of 421 new homes above offices, shops and leisure space in the town centre.

Plan for Fairfield Homes site is one of several schemes in the pipeline to transform Croydon in south London

Five buildings ranging from 7 to 29 storeys are proposed for the 0.8 hectare Fairfield Homes site next to the recently opened Fairfield Halls cultural venue.

Architect MICA designed four of the buildings, comprising 343 homes, while Common Ground Architecture designed a 78-home block.

The latest planning application builds on a 2017 planning consent, nearly doubling the number of homes from 218 and increasing the affordable housing from 18% to 20%.

Once planning consent is gained, the developer aims to start work early next year.

Value from the development of the Fairfield Homes site will be used to cross-fund Vinci’s £40m refurbishment of Fairfield Halls, which overran by £11m.

Colm Lacey, chief executive of Brick By Brick, said: “We have carried out extensive demolition and enabling works, on the site and we look forward to continuing this most exciting and vitally important project.

“This development has allowed us to fund the spectacular transformation of Fairfield Halls, which opened this month.

“Together, the schemes are fundamental to Croydon’s ongoing renaissance, adding to its fast-growing appeal as a place where people want to live, work and visit.”

The Fairfield Homes site is bound to the north by Croydon College, the College Tower site and Mondial House, both of which have planning consents for buildings of heights above 35 storeys and to the east is the mainline London to Brighton railway line.

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Battersea Power Station secures £600m for Phase 3

Battersea Power Station’s developer has secured £600m of financing to press on with phase three of the project.

Sir Robert McAlpine is construction manager to complete the Electric Boulevard phase of the project after replacing Bouygues during the preconstruction phase last year.

The new debt facility was raised from its existing lenders to continue with the delayed phase.

So far facade contractor Permasteelisa has been signed up for the main glazing package and specialist T Clarke will deliver the M&E works.

Phase 3 of the Battersea Power Station project will contain over 1,300 homes, a hotel, shops and restaurants.

The 42-acre site will also contain a public park and be served by a new Tube station on the new £1bn Northern Line extension, due to open next year.

It has been designed by architects, Gehry Partners and Foster + Partners.

Areal view of Foster’s undulating Battersea Roof Gardens building next to Ghery’s cluster of five buildings

Foster’s Battersea Roof Gardens will be styled in a subtle 1930s theme inspired by the Power Station. The northern hooked-shaped end of the building will be home to the art’otel, a new 167-room hotel boasting a rooftop swimming pool and bar.

 

Ghery flower building

Gehry’s Prospect Place comprises a cluster of five buildings each with striking sculptural façades inspired by London’s famous John Nash Regency terraces.

Each individual building has its own style. ‘The Flower’ building will sit at the centre of The Electric Boulevard forming a focal point between the other buildings and is destined to be a new landmark for London.

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Redrow to start two major London build to rent schemes

Housebuilder Redrow has teamed up with property investor Realstar to deliver two major build to rent schemes worth over £180m in London.

Colindale deal with Realstar is Redrow’s fourth PRS scheme

Now Redrow will press ahead with plans for 513 new rental homes in Southall and Colindale which will be professionally managed under the UNCLE brand.

They are the house builder’s third and fourth PRS schemes, as it aims to diversify its offering into private rental homes.

The £119m deal at Redrow’s flagship Colindale site in North London will see construction of 347 new flats.

The announcement follows the £82.7m deal Redrow announced with M&G Real Estate last year which brought a further 186 new rental homes to Colindale Gardens as well as 211 homes sold to L&Q in 2016.

Located in the Burnt Oak and Colindale Opportunity area, Colindale Gardens is a £1.2bn new community, which is being created by Redrow on the site of the former Peel Centre Metropolitan Police training college.

More than 2,900 new homes will be delivered over the next ten years.

At Southall in West London, Redrow will also deliver 166 one, two- and three-bedroom apartments in a £64m deal with Realstar.

The site sits adjacent to Redrow’s existing scheme The West Works, where the housebuilder is currently delivering 302 new homes as part of a mixed-use scheme.

Mark Parker, Managing Director of Redrow London, said: “Both Colindale and Southall are quickly defining themselves as new property hotspots as they undergo significant inward investment.”

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