HUB has awarded JJ Rhatigan a £53m construction contract to deliver Abbey Place, a development of 245 homes in Abbey Wood, South East London
Designed by architects shedkm, the 13- and 21-storey residential towers will form a landmark mixed-use development on a key site adjacent to the new Abbey Wood Crossrail station.
The scheme will provide 72% affordable homes, as well as three commercial units, a new public square and improvements to the public realm.
HUB acquired the site in partnership with Bridges Fund Management in 2015.
Abbey Place will improve the arrival experience to the new station and set a new benchmark for development quality in the area.
Abbey Place was granted full planning permission in September 2018. HUB has secured a forward funding deal with CBRE UK Affordable Housing Fund (AHF), a fund managed by CBRE Global Investors, to deliver the scheme.
Prioritising people and ensuring value
Damien Sharkey, managing director at HUB, said: “HUB has a track record of working closely with local communities to deliver architecturally- superb schemes that everyone can be proud of and we hope that Abbey Place will be the heart of a thriving community.”
Tom Neylon, regional director at JJ Rhatigan, said: “We are delighted to have been selected by HUB to deliver this superb project in Abbey Wood.
“JJ Rhatigan have been operating for nearly 70 years with a successful track record in construction. This is a testament to the commitment of our talented and exceptional team of construction professionals.
“We recognise the importance of delivering quality homes to the area and believe that this scheme has set the new standard.
“We are committed to providing social value and will be working with the local community to progress employment opportunities and apprenticeships throughout the delivery of this project.”
Construction will start on site in December 2020, with construction expected to complete in Q3 2023.
