Crest Nicholson to build £116M London mixed-use project

WCN Editorial Team 25 Oct 2016 EUROPE BUILDINGS

UK-based developer Crest Nicholson is set to unveil its new £116M Dylon Works scheme in Lower Sydenham, London in November 2016.

The project will include the transformation of the former Dylon textiles dyeing factory site into a mixed-use development targeting first time buyers.

Dylon Works — to be located in London’s zone 4 — will feature 223 private residential apartments, 201 of which will be available as part of the popular ‘Help to Buy’ initiative.

The eight-storey development will also feature retail space, a café, a crèche accommodating up to 80 children, and car parking space.

Crest Nicholson’s CEO Stephen Stone said: “In a post-Brexit market we have experienced continued demand, particularly from first time buyers.

“As the fundamentals of the housing market remain unaffected by the UK voting to leave the EU, and with market indicators showing that buyers are still keen to buy, we are continuing our focus to best serve this ever-growing section of the market.”

* For more information on the UK construction market, visit the Construction Intelligence Center Report Store.

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