Brent Council To Acquire 114 New Homes
Brent Council has agreed to purchase the long leasehold interest in 114 new homes at St George's Grand Union development for the purchase price of £27m plus statutory costs.
The homes include 92 affordable rented flats and 22 shared ownership apartments. Practical completion is expected in November 2021 for the affordable rented homes, and May 2023 for the shared ownership homes.
The developer will grant the Council a 999-year lease at a peppercorn rent on completion of the contract for the 114 affordable homes.
The 114 1, 2 and 3-bedroom affordable homes are being sold as a package within blocks A and B (affordable rented homes) in phase 1 and block D (shared ownership) in phase 3. Construction of the 1st phase of this development comprising 92 affordable rented homes commenced in December 2019.
The purchase price offer is £27m but the total cost of the scheme to the
Council is £30m (when including 12% for fees and contingency) and would sit
within HRA. The average cost per home is £265k including all on costs (£237k
based on purchase price only).
The contract will be exchanged in May 2020.
The Grand Union development will deliver a total of 3,030 homes in the Alperton
area. It is a development spanning 10-15 years but the first homes are now
being built. The planning application reference of the development is 18/0321.
35% of these homes will be affordable. This totals about 1,050 homes of which 30% (315) will be shared ownership and 70% (735) rented. The rent is required to be capped at Local Housing Allowance (LHA).
25/04/2020 09:49 by Buildington
Affinity Tower introduction event at Grand Union on the 7th - 8th March 2020! Find out more about the new collection of manhattan, 1, 2 and 3 bedroom apartments starting from £395,000. Contact Berkeley to register your interest.
04/03/2020 17:04 by Buildington
Phase 2 Planning Permission Granted
Planning permission has been granted for Grand Union Phase 2, reports architect Sheppard Robson.
The development will deliver 524 new homes and landscaped public realm set along the historic Grand Union Canal.
Planning permission has been granted to the second phase of the Grand Union masterplan, which will create a new community with over 3,000 homes. Phase 2 will feature a mix of private and affordable homes (37%)—including affordable rent and shared ownership tenures—at the former Northfields Industrial Estate in the London Borough of Brent.
The design delivers 950m2 of landscaped public realm, including podium gardens and designated play space, with private roof terraces for residents, as well as brown roofs and wildlife-friendly planting to promote biodiversity and sustainability. A canal-side path provides an idyllic recreational route running parallel with the line of the canal, while a seating terrace offers opportunities for dining, relaxation and socialising with water-front views.
Alan Shingler, Partner at Sheppard Robson, commented: “Our approach to this site delivers high quality residential offer, arranged to enable a welcoming public realm and optimise the site’s natural assets for the benefit of this new neighbourhood, while anticipating and connecting the Grand Union Canal’s future phases of development.”
06/02/2020 17:05 by Buildington
Apartments at Unison House start at £297,350 for a 1-bedroom apartment. Completing at the Grand Union development in 2022.
29/10/2019 20:01 by Buildington
Affinity House Launch
Affinity House launching Thursday 12th September 2019. Prices starting from £372,000.
Register your interest at grandunion.co.uk.
28/08/2019 20:35 by Buildington
The first release of 1 and 2 bedroom apartments are for sale from £350,000 – £698,000. Expected completion Q2-Q3 2022. Contact Berkeley to register your interest.
08/07/2019 10:49 by Buildington
Grand Union is launching on Thursday 4th July 2019! Studios,1, 2 and 3 bedroom apartments will be available for sale. Prices have not yet been released. Visit the development website to register your interest.
17/06/2019 18:16 by Buildington
Marketing Suite is coming soon! You can now register your interest at grandunion.uk.
11/06/2019 19:00 by Buildington
Grand Union development by St George is launching in January 2019!
29/08/2018 15:45 by Buildington