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News » Over £20m » Hounslow partners with Willmott Dixon for £90m housing drive » published 7 Mar 2017

Hounslow partners with Willmott Dixon for £90m housing drive

The London Borough of Hounslow has selected Willmott Partnership Homes to help accelerate its house-building plans.

Nantly House is the first project lined up Above: Nantly House is the first project lined up

Willmott Partnership Homes, part of the Willmott Dixon Group, will work in joint venture with the council’s wholly-owned subsidiary Lampton 360 to bring forward an initial 11 council-owned sites to create 844 homes.  These will be a mix of tenures: 40% affordable, 40% open market sale and 20% private rent.

The first site for development is Nantly House on Lampton Road, where a block of 74 flats will be built on the site of what is currently a children's support centre.

A further five of the identified 11 sites will follow later this year.

The council has a target of delivering 7,200 homes in the Hounslow and Feltham town centre housing zones by 2026.  Lampton 360 and Willmott Partnership Homes are looking to deliver 1,500 homes over a six year period, with an initial development value of £90m.

Howard Woollaston, chair of Lampton 360, said “The link-up with Willmott Partnership Homes will help Hounslow accelerate the delivery of affordable housing on its sites and generate revenue for the borough by unlocking value within its land assets.  The complimentary skill-sets will see Lampton 360 lead on identifying sites and gaining planning permission, while Willmott Partnership Homes will add its construction, sales and marketing skills to deliver the new homes.”

Willmott Partnership Homes chief operating officer Charlie Scherer said: “Our joint venture with Lampton 360 is an excellent example of how a forward thinking London borough, in this case Hounslow, can speed up the unlocking of their surplus land to create new homes for their residents by bringing in added capacity that can deliver ambitious, multi-site programmes. Working in a truly collaborative, 50/50 joint venture will allow us to blend our knowledge together to accelerate the provision of much needed new housing available for all tenures.”

 

 

MPU

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This article was published on 7 Mar 2017 (last updated on 7 Mar 2017).

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