480 new homes are to be built in Wandsworth, London on the site of a previous Homebase building. A contract worth £128m has been awarded to Vistry Partnerships by LGIM Real Assets (Legal & General).
The development is to consist of five new tower blocks creating more than 15,000 sq.ft of mixed-use space incorporating retail, office and community use together with houses to rent. A civic square outside a proposed new entrance to Wandsworth Town Station is also included in the planned landscaping.
The brownfield site, known as New Acres, is bordered by Wandsworth Town railway station, main railway lines into London Waterloo Station and a dual carriageway.
Construction at the site has commenced and completion is planned for spring 2024.
Stephen Teagle, Vistry Partnerships chief executive said: “This impressive mixed-use project will play a considerable role in providing additional housing choice for the local community. The build-to-rent sector has an important role in combatting the nation’s housing crisis especially in larger towns and cities and this combined site in Wandsworth by Legal & General will be an exciting place to live. We have formed an excellent partnership with Legal & General in creating high quality homes for rent and welcome the opportunity of delivering this exciting new project”.
Head of residential for LGIM Real Assets Dan Batterton said: “New Acres Wandsworth will be a flagship build-to-rent development and a significant urban regeneration project creating much needed new homes while bringing brownfield sites back into use”.