Wates Residential and Mount Anvil are working with Southwark Council to help reduce its housing waiting list.
Wates Residential has been signed up to develop four sites: Wickway (Gloucester Grove Estate), Bells Gardens Estate and Lindley Estate in Peckham; and Wyndham Road in Camberwell. It will build at least 343 homes across these four sites, which will be 100% affordable, including at least 131 council homes.
Mount Anvil will also develop four sites: Seven Islands Leisure Centre and Red Lion Boys Club in Rotherhithe; and 1-36 Priter Road and Beormund School in Bermondsey. It will build at least 786 homes, with at least 50% of these homes being affordable, including at least 229 council homes.
These homes are additional to the more than 3,000 council homes completed or under construction in the inner London borough.
Paul Nicholls, London managing director at Wates Residential said: 鈥淭oday marks the start of a hugely collaborative partnership with Southwark Council. From day one, our teams have worked shoulder to shoulder to swiftly conclude the legal agreements, setting us up to move at pace. There鈥檚 a clear sense of energy and shared purpose to deliver the much needed homes and community spaces across Southwark. We鈥檙e proud to bring Wates Residential鈥檚 commitment to reimagining places for people to thrive to this next wave of homes for Southwark鈥檚 residents.鈥�
Mount Anvil chief executive Darragh Hurley said: 鈥淲e appreciate Southwark placing their trust in us to deliver high quality new homes for their residents. This partnership shows that by working together we can overcome the current market and financial challenges to deliver more of the homes that will give all Londoners a place to call home.鈥澛�
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