Joint venture reinforces role of SME housebuilders
Developer Durkan has signed an agreement with Southern Housing Group, one of the largest housing associations in London and the South East, to deliver a mix of 30 per cent affordable rent and shared ownership properties at its Britannia Music Site development on Chapel Road, Ilford.
Working closely with the London Borough of Redbridge, planning permission for the Britannia Music Site was secured by Durkan in 2013. The development contract, signed this week, outlines the delivery of 354 total homes almost a third of which will be affordable.
Alan Townshend, Group Development Director at Southern Housing Group, says, “As one of the oldest housing associations in the UK we pride ourselves on our commitment to providing homes for people who need them and supporting local communities.
“We’re delighted to partner with Durkan to bring about positive change in Redbridge and deliver much-needed affordable, quality and well-designed homes in this thriving part of London, with excellent transport links and local amenities.
“The delivery of these homes will also mark an important milestone in the Group’s history as they’ll be the first ones we provide in Redbridge. We believe the area has a lot of potential and we’ll work to secure further opportunities, helping to meet the local housing demand, in the near future.”
Danny Durkan, Executive Chairman at Durkan, says, “We’re very conscious of delivering a broad mix of affordable housing options for people looking to rent or own property in London and the Home Counties.”
“Our priority is making sure our development partners, like Southern Housing Group, are able to deliver on their commitments and provide long-term value to the communities they operate in. We’re pleased to honour the commitment we made in 2013.”
The Britannia Music Site will provide a mix of one, two and three-bedroom homes within two buildings, set around a new public courtyard. Located within two minutes’ walk of Ilford station, which is being extensively refurbished as part of the Crossrail Programme, future occupiers will only be 17 minutes away from Canary Wharf, 9 minutes from Stratford and 14 minutes from Liverpool Street Station.
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Notes to Editors:
Durkan is a financially independent, family owned, developer and contractor based in London and the Home Counties.
Established in 1970, the company has grown from a small, family contractor to become one of London and the South-East’s leading development and construction companies.
After 45 years’ experience investing in, developing, constructing and refurbishing affordable, quality homes and communities throughout London and the Home Counties, the business is steadfastly committed to delivering high quality homes and lasting value for customers and communities.
Named 88th in The Sunday Times Top 250 growing companies in the UK, the business expects to double turnover from £150m to £300m over the next five years. The focus will be on sustainable growth, with an emphasis on growing the balance sheet.
About Southern Housing Group
Southern Housing Group was established in 1901 and has grown to become one of the largest housing associations in the south east of England. The Group manages more than 27,000 homes and works with more than 40 local authorities; providing homes to over 72,000 customers. The Group employs almost 1,000 people and offers a range of housing options for rent and sale, and undertakes a wide range of activities to improve the lives of its customers.
LinkedIn: Southern Housing Group