Bollo Lane
TfL and Barratt London joint venture to deliver new homes in Acton

TfL and Barratt London joint venture to deliver new homes in Acton

05/04/2023 by Buildington
 
New appointment

Transport for London's TfL wholly-owned commercial property company TTL Properties Ltd has appointed Barratt London as a joint venture partner for the development of its Bollo Lane site in Acton, as well as several other potential sites in west London.


The development at Bollo Lane received planning permission in January 2021 and will offer up to 900 new homes, with 50% being affordable housing.


The development will be delivered in three phases, with the first phase comprising 195 build-to-rent homes.


The partners are also collaborating at Blackhorse View opposite Blackhorse Road Station E17 with 350 new homes and Wembley Park Gardens next to Wembley Park Station with 450 residential units in Wembley HA9.


Tom Copley, Deputy Mayor for Housing said: "This new development in Acton will provide affordable housing for hundreds of families and is a great example of how TfL land can be used to deliver much needed homes for Londoners.


"The new commercial space, as well as the green spaces and new walking and cycling areas will benefit not just the new residents but all those who live and work in the area." 


Jonathan Cornelius, Head of Property Development at TfL, said: "We are excited to have appointed Barratt London as our partner to deliver our scheme by Bollo Lane in Acton, with the potential to bring forward other sites in west London in the future. This builds on our successful history of working together on Blackhorse View in east London, which will be the first of our joint venture developments to complete, and a new site by Wembley Park Tube station.


"This joint venture partnership demonstrates how we are going from strength-to-strength with our wider commercial development programme, which will see thousands of high-quality homes delivered across London alongside improvements for the local communities in the areas where we build. This partnership will also help generate vital additional revenue, which will be reinvested into the transport network and help fund a safe, green and reliable public transport network." 


Gary Ennis, Regional Managing Director of Barratt London & Southern Regions, said: "There are exciting regeneration plans in and around Bollo Lane that will see the creation of new public spaces as well as new commercial opportunities for local businesses in West London. 


"The regeneration of this site will be an exciting addition to South Acton and will bring much needed new homes to the area, with 50 per cent affordable housing. Its positive impact will be felt in Acton and Ealing with the delivery of jobs and homes for local residents, as well as enabling access to open space for the wider community and those that visit the area.


"The site benefits from excellent transport links being close to three stations. Future buyers are attracted by both the great connections into central London and the amenities of the local area including the easy access to a great number of green spaces, parks and nature reserves.


"We are proud to be continuing our partnership with Transport for London following the success of our joint venture at Blackhorse View, Walthamstow and the start of construction of our site at Wembley Park."


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