Regal London has announced a significant £85m collaboration with Brent Council at their Wembley project, Fulton & Fifth. In a bid to boost the availability of affordable housing, the council has committed to buying 294 units from this development, which are set to be completed by 2026.

The scheme in east Wembley will offer 876 homes in total. Thanks to this deal, 40% of these will be affordable homes for local people.

The affordable homes will have one to three bedrooms. This is great for the local community as Brent is working hard to solve the housing problem, with over 26,000 households waiting for council homes.

Fulton & Fifth isn't just about homes though. It will also have shops, cafés, workspaces, and public spaces. It's part of Brent’s plan for a “green corridor”: a park that will connect Seven Acre Park and Brent River Park. Regal London is also improving the local Wealdstone Brook to make a nice walkway.

Marc Eden, Investment Director, Regal London, said: “We are pleased to be playing a role in delivering Brent’s local housing needs. The allocation of affordable homes at Fulton & Fifth is a true testament to the council’s commitment to understanding the needs of its people. What we’re offering in terms of live, work and play at the site is going to set a new benchmark for the area and we look forward to welcoming everyone home in the coming years.”

Councillor Promise Knight, Cabinet Member for Housing, Homelessness and Renters’ Security, London Borough of Brent, commented: “We are delighted to be working in partnership with Regal London on this venture. We are committed to creating more affordable homes for Brent residents. The 294 affordable homes in this development are part of that commitment. Residents deserve to live in a borough that is not only fairer and more equal, but greener and more sustainable, and this was at the heart of what Brent planners set out to achieve with Regal London.”

Blake Loveless, Head of Value-Add Investments, LaSalle, said: “Fulton & Fifth demonstrates how developers and councils can work together to provide much-needed affordable housing. We are grateful to be working with the council to help fulfil its broader mission and meet its targets.”

Back to Fulton & Fifth development profile.

Photo: Regal London at Fulton & Fifth site in Spring 2023 23.04.2023.