G15 housing association One Housing has announced home builder Countryside as a preferred development partner for the Camden Goods Yard regeneration project.
Subject to formalising contracts, One Housing has selected Countryside to enter into a 50:50 joint venture partnership. It will see the housing provider and home builder jointly planning, designing, funding and delivering a comprehensive regeneration of Gilbeys Yard and Juniper Crescent estates in Camden. The project is subject to a positive resident ballot and is planned over an eight-year period.
Juniper Crescent and Gilbeys Yard are located either side of Morrisons supermarket behind the Stables Market in Camden.
Currently, 202 homes are provided but the scheme will look to deliver around 650-700 units including new homes for the current residents.
Resident engagement has been made an an integral part of the regeneration project, with a resident steering group part of the procurement team to select the joint venture partner. Residents will also be provided with a landlord offer prior to a ballot in March 2020 to decide on the future of their estates.
Mike Johnson, group director of development, One Housing said: “Following a rigorous procurement process, we are looking forward to working with Countryside, our residents and the London Borough of Camden to deliver this project.
“Countryside share our commitment to providing high quality new homes. We were also impressed by their approach to resident engagement and their ability to demonstrate that they could deliver on added social value and community benefits.”
Andy Fancy, managing director, partnerships South (North and South), Countryside, said: “We are thrilled to be partnering with One Housing on this landmark mixed-use regeneration scheme in the heart of Camden.
“We are looking to deliver more than three times as many high-quality homes including affordable homes as well as ensuring that local residents benefit from attractive public open spaces and crucial local amenities – all vital in creating sustainable communities.”
Monika Petrasova, on behalf of the Residents Steering Group said: “We have been pleasantly surprised by the level of involvement in the regeneration project from the start. We were part of the moderation meeting, which has never happened before, and we also marked all the tender submissions”.
The regeneration of Beam Park has officially begun, with construction work now underway. A groundbreaking ceremony was held at the site marking the start of construction and the completion of preparatory work.
London’s Deputy Mayor for Housing and Residential Development James Murray was in attendance, along with senior leaders from Countryside and L&Q.
The east London regeneration project will transform the derelict site of a former Ford manufacturing plant into the new 3,000-home Beam Park site, spanning 71.7 acres.
Charitable housing association L&Q and home builder Countryside are working in partnership to bring the project to fruition.
The development is the second-largest housing scheme in the UK to gain planning permission in 2018. It’s also one of only three regeneration schemes in London delivering 3,000 homes and providing 50 per cent of affordable housing (1,513 homes).
The first phase of the development will deliver 640 new homes and new community facilities, including a medical centre and railway station.
The Beam Park station is located on the C2C line, providing direct links into central London. Phase one will also see the delivery of a primary school and park.
Sales of the new homes are due to launch in May this year, with the first properties ready in 2020. The first phase of the development is due to be finished by 2022, with the full Beam Park scheme due for completion in 2030.
The completed site will include a further school along with retail spaces, a gym, nursery, a multi-faith space and two energy centres.
Andy Rowland, managing director for the east region, commented: “We’re delighted to be celebrating the start of construction works on site at Beam Park.
“This project will bring major benefits to east London, including much needed quality new homes with 50 per cent affordable housing, alongside significant infrastructure improvements and community amenities.
“Working with Countryside, we’re proud to be involved in making such an important contribution to London’s housing needs, meeting strong local demand by creating new homes in a wide range of tenures.”
Robert Wilkinson, managing director of partnerships south (east) for Countryside, added: “We have the incredible opportunity to create a thriving new destination in east London, delivering one of London’s largest housing developments, with 3,000 homes, two schools, community facilities, retail spaces, a railway station and much more.
“Beam Park will undoubtedly have a truly transformative impact across the area with community and the wellbeing at the heart of our plans.
“This site has an incredible history, and we’re looking forward to utilising our extensive track record in regeneration with L&Q to bring this next chapter to life ensuring the legacy is captured while embracing modernity.”