Clarion Housing Group’s latest acquisition is part of their £109m (Gross Development Value) scheme in the Alperton housing zone, which aims to deliver around 650 new homes in the borough over the next three years. From that number, more than 550 homes will be affordable.
The new purchase is for the Minavil House site, on which 251 new homes will be built. The provider says 215 of those will be for shared ownership and 36 will be for affordable rent.
The development, which already has full planning permission, is scheduled to be completed in 2022.
Philip Browne, new business and partnerships director for Clarion Housing Group said: “Clarion has a major role to play in tackling the housing crisis and we are investing £13bn nationally in our development programme.
“London is at the sharp end of the housing crisis and delivering affordable housing in the capital remains an absolute priority for us.”
The Minavil House scheme includes around £8m of grant funding from the Greater London Authority (GLA).
James Murray, deputy mayor for housing and residential development added: “We are working with partners across London to build more social rented and other genuinely affordable homes.
“We welcome Clarion’s commitment to building more affordable housing in Brent, and we will continue to work together to tackle London’s housing crisis.”
This new purchase comes as building work is underway on a separate scheme in Alperton. The site, on the disused industrial site at Abbey Wharf, will create 135 shared ownership and affordable rented homes.
Social landlord Clarion has also submitted a planning application jointly with developer R55 to build 258 new homes on a brownfield site on Dudden Hill Lane. The submission comprises 114 shared ownership homes, 54 affordable rented homes and 90 homes for sale.
Through its strategic housing partnership with the Mayor of London, Clarion aims to deliver 5,600 affordable homes across the capital by 2021.