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Fri August 02 2024

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Barratt plans 1000 new homes for London

17 Jan 13 Barratt Developments has acquired two new major development sites in London with a gross development value of £400m.

Barratt chief executive Mark Clare
Barratt chief executive Mark Clare

The two new sites – at Blackfriars Road in Southwark, and Cannon Wharf, Surrey Quays - will provide more than 1,000 homes.

The site at Cannon Wharf will comprise 679 units, of which 562 will be private, and 70,913 sq ft of commercial/retail floor space. The site currently accommodates a business centre and a number of open sided warehouse units together with a large car parking area.

The development on Blackfriars Road will comprise up to 400 units providing both open market and affordable units.

These two new projects follow the recently acquisition of the Trenchard House site in Soho, W1. The former Metropolitan Police hostel has been vacant for the last 11 years and in partnership with United House, Barratt London will build 13 luxury penthouse apartments and 65 low cost market rent apartments.

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The next six months will also see Barratt London marketing four new high-end developments that will, over the life of the sites, result in a total of some 1,200 homes at Fulham Riverside (SW6), Horseferry Road (SW1), Altitude (E1) and Queensland Terrace (N7).

Chief executive Mark Clare said: “We are delighted to have secured these high profile projects within London. Barratt has a strong track record of delivering in London and our capability to design, build and sell large complex schemes is giving us a competitive advantage in the Capital.

“Our London portfolio is expanding fast – we now have over 3,000 units under construction on 22 sites across 17 boroughs providing homes ranging from £145,000 to about £5.0m. Our business in London continues to perform especially well and pricing remains robust.”

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MPU

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