Willmott
Dixon’s development division, Regen, now has over 3,000 homes in the pipeline
after acquiring a site in Mill Hill to develop 188 homes with a gross
development value of c. £100m.
The
company has agreed to purchase a 1.1 hectare site at Millbrook Park from The
Inglis Consortium for 159 private sale homes along with a further 29 affordable
homes that will be developed by Regen’s private sale residential brand, Prime Place.
It
follows last month’s planning green light for Brentford FC’s new 20,000 seat
stadium that will also see 900 new homes created on two sites, the latest in a
series of property announcements over the past 18 months that underline
Willmott Dixon’s ambition to be a major residential developer in London and the
South East.
Alongside
the Brentford FC master plan, other recent schemes secured include 600 homes
for private rent in Barking, 135 homes in Godalming, a further 88 in Cheshunt
and 95 in Sevenoaks, which involves converting a former office into a
residential block. It is also behind 1,176 homes at Aberfeldy Village in Poplar
E14 and expects to start work shortly to deliver 156 homes with Westminster
City Council that includes new leisure facilities on two sites.
Andrew
Telfer, chief executive at Willmott Dixon Regen:
“Millbrook Park’s high
quality mix of one and two-bedroom apartments, together with a number of three
and four-bedroom houses in a popular location with good transport links,
exactly fits the scale and type of homes we develop through Prime Place.
“Our
ambition in 2016 is to continue to grow the number of homes we are developing,
either on site or going through planning, for both Prime Place and Be:here, our
private market rent business. Our
ability to combine these two strong brands to develop homes for both private
sale and private rent is also unlocking wider opportunities and helping to
accelerate the delivery of hundreds of homes in the capital.”
This
acquisition represents the latest phase of Millbrook Park’s regeneration that
is creating a new community in one of the most sought-after areas of north
London. When complete, there will be 2,174 new high quality homes set in superb
landscaped parkland, together with shops, offices and a new primary school. It
has outline planning and a reserved matters application on a Broadway Malyan
design will now be submitted to Barnet Council in spring 2016 for the development,
which will be branded Prime Place, Millbrook Park.
Keith
Hurford, project director for Millbrook Park, says: “We are pleased to welcome
Prime Place to Millbrook Park - their proposals are exciting and will enhance
the consortium’s vision of the development as a quality destination.”