Wates Living Space Homes has been appointed to deliver a new £48m residential development in Stockwell on behalf of Network Homes.
Work on the new Thrayle House development is expected to commence in June 2016 and will include the demolition of an existing 3-storey building to create a mixed tenure residential complex.
Thrayle House, for which planning permission was granted in April 2016, is the latest phase in Network Homes’ £200m Stockwell Park regeneration programme.
The scheme will provide 177 new homes, 81 of which will be available for social rent, including 41 for families and 40 homes designed specifically for active elderly people. The remaining 96 homes will be available for private sale.
Designed by PRP, the new development is also set to comprise 1,358 sq m. of flexible retail and community space.
The project adds to Wates Living Space Homes’ work on behalf of Network Homes, which recently saw the completion and hand over of Park Heights, a 20-storey apartment building in Stockwell.
Throughout the delivery of Thrayle House, Wates Living Space Homes has made a commitment to create extensive opportunities for on-site training and employment for local people.
This is set to include ten apprenticeship positions, ten work experience placements, whilst the developer has also pledged to engage with 300 students through local careers fairs.
The developer will also carry out its national ‘Building Futures’ programme as part of the project, an intensive training course to give local jobseekers the opportunity to secure full-time employment with Wates and its supply chain.
Vicky Savage, Executive Director of Development at Network Homes, said: “This is a landmark project in the regeneration of the Stockwell Park Estate and one that is incredibly important to Network Homes, the residents and the local community. We really look forward to working with Wates Living Space Homes who will bring their significant expertise and resources to this project.”