Wates Residential is set to build Phase One of London Borough of Camden Council’s mixed-use Abbey Area Redevelopment.
The contract includes the construction of 75 homes for private sale, 66 homes for affordable rent, ten wheelchair-adapted units, additional retail and commercial spaces and a 52-space underground car park.
Wates recently completed £4m of enabling works on the site and has now commenced the main work on site. The project is being delivered over a 98-week build programme.
Paul Nicholls, Regional Managing Director of Wates Residential, commented:
“Camden Council’s major investment programme sets out a very clear strategy for the improvement of services and housing, and our appointment to facilitate these ambitious plans is a huge testament to our reputation as a trusted and expert developer. As we look to grow Wates Residential’s market presence we are continuing our focus on harnessing the most effective and efficient ways to address the south’s urgent need for new homes, a commitment that will be integral to our role in the Abbey Area Redevelopment project.”
Councillor Phil Jones, Cabinet Member for Regeneration, Transport and Planning at Camden Council, added:
“The Abbey Area development will form an important part of our Community Investment Programme, our fifteen-year plan to build over 3,000 new homes, including 1,400 affordable homes, and invest in schools and children’s centres in Camden. The development will help us deliver the mix of housing needed to retain our diverse communities amidst the London-wide housing crisis.”