Housebuilder Hill has been awarded a £70m contract to deliver the initial homes for the Aylesbury Estate Regeneration by Notting Hill Genesis
The £70m contract will see 229 new homes built on a parcel of land known as ‘Package A’ at the junction of Bradenham Close and Westmoreland Road.
84% of the 229 new homes will be available for social rent, including 54 extra care units and 7 homes for people with learning difficulties.
As part of the wider First Development Site of the Aylesbury Estate Regeneration, Package A will contribute to more than 800 homes, a community facility and public open space. It will also provide a wide range of job and training opportunities for Southwark residents, including 224 sustained jobs, 98 apprenticeships and 105 training places.
Cain Peters, regional director for Hill, said: “We are delighted that Hill has been appointed to work on this exciting regeneration project and look forward to working with Notting Hill Genesis to provide high-quality, affordable homes.”
Jeremy Stibbe, group director of Regeneration and Assets for Notting Hill Genesis added: “Having Hill on board to build our first homes in the Aylesbury neighbourhood is fantastic news. They are highly experienced in regeneration projects that benefit the wider community and the high standards they demand match the vision we have for the area.
“This is a very challenging time for the housing sector and development has slowed in London and beyond, but we retain our commitment to producing the quality new homes so desperately needed in this area and are looking forward to starting construction in the very near future.”
The Aylesbury Estate Regeneration neighbourhood is a long-term partnership between Notting Hill Genesis and Southwark Council. Over the lifetime of the project it will deliver more than 3,500 new homes, half of which will be affordable housing. Of that half, 75% will be available for social rent.
