Peabody to acquire 142 affordable London homes

A joint venture of Stanhope, Mitsui Fudosan and AIMCo has agreed the sale of 142 affordable homes in two new buildings at Television Centre, London, to housing association Peabody.

The buildings form part of the wider Television Centre development which will eventually have around 950 homes in total. Stanhope is also the development manager for the JV. Financial details were not disclosed.
Designed by Maccreanor Lavington Architects, the new buildings will replace the existing former BBC multi-storey car park on Wood Lane, providing 71 London Affordable Rent, 34 London Living Rent and 37 homes for Shared Ownership.
The JV will demolish the existing car park in 2021 and commence construction in 2022, with delivery expected in 2024. Peabody will be responsible for managing the homes when completed.
Jonathan Trout, property & commercial director at Stanhope, said: ‘We are delighted to have exchanged contracts with Peabody and are looking forward to delivering much-needed affordable homes for residents in Hammersmith & Fulham. Peabody share our long-term commitment for the area and we look forward to bringing forward the next phase of the project in due course.’
Simon Barry, regional development director at Peabody, said: ‘This represents a fantastic opportunity to deliver high quality affordable homes in an excellent location. We have been closely involved through the early stages of design and look forward to working alongside the JV to help create a great place to live within a thriving community in West London.’


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