JV to build £150M London residential project

WCN Editorial Team 8 Dec 2016 EUROPE BUILDINGS

A joint venture (JV) of Hill and Hyde Housing Group is set to construct a £150M residential project in North West London.

The development, to be located in Brent, will feature 287 homes. It represents the last phase of the £225M Stonebridge Estate regeneration.

Hill’s CEO Andy Hill said: “The multi-million pound redevelopment of the Stonebridge Estate has been adapted and improved to create a sustainable, vibrant and truly multicultural community — something we can all be proud of.

“While our development marks the final phase of this regeneration, it is just the beginning of our new relationship with Hyde. I’m confident that this is the start of a very successful partnership and that together we will deliver the multitude of new homes which are desperately needed across a number of other London boroughs.”

Hyde Group director of business development David Gannicott said: “We are delighted to be working with Hill to develop and deliver homes for those most in need.

“Our core purpose is to help create sustainable communities for people to live in, and for the homes to stand the test of time. The JV with Hill allows this to happen.”

The project has already secured planning consent. Construction work is scheduled to commence in December 2016.

* Data provided by Timetric's Construction Intelligence Center.

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