Work has started on the first 229 homes at the Aylesbury Estate regeneration in Walworth, which is being developed by housebuilder Hill.
The site, known as Package A, is part of the first development site, in Albany Road, which in total will feature more than 800 homes, a new public square, a community centre and two new parks.
There will be 3,500 homes created across the entire regeneration, and half will be affordable housing. Of that half, 75 per cent will be let at social rents, while the rest will be for shared ownership or shared equity, and at least 30 per cent will be family homes of three bedrooms or more.
During the course of the project 1,400 job, training and apprenticeship opportunities will be generated for Southwark residents, and Hill will be providing some of these as part of the contract.
Greg Hill, deputy chief executive of Hill, said: “This exciting and complex project will bring high quality new homes and substantial community investment to the area.
“As a housebuilder, we understand the importance of community investment and we strive to continue our innovative collaborations with like-minded partners to build in the areas that will benefit the most.”
The Package A project is being led by Hill for development partners Notting Hill Genesis and Southwark Council.
Kate Davies, chief executive of Notting Hill Genesis, said: “A huge amount of work has gone into reaching this stage, over many years, and our commitment to providing high quality housing to existing and new residents is as strong now as on the day we were chosen as development partners.
“This is just the first step in a much larger project, but with great facilities and a large amount of affordable housing for lower-income households, it is a real example of our vision for the wider neighbourhood.”
Councillor Johnson Situ, cabinet member for growth, planning and development at Southwark Council, said: “Our commitment to the transformation of the Aylesbury Estate will create new quality homes; dramatically improve living conditions of existing residents, with new community facilities and an increase in the amount of genuinely affordable homes and re-provision of social rent homes.
“This is a fantastic day for the hundreds of Aylesbury Estate residents who want to see new genuinely affordable homes in the area. I am very pleased to see this positive step forward and look forward to welcoming the new tenants, many of whom will be moving from the later phases of the project, into their new homes.”
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