by Natalie Vincent Wed 28 March 2018, 11:55 am
The Greater London Authority has handed over its first 100% affordable housing development site to joint venture partners Swan Housing and Catalyst.
The former Webbs industrial estate in Waltham Forest will be regenerated to include around 330 homes, all of which have been earmarked as affordable.
The site, now known as Blackhorse Yard, will also become a creative hub, providing more than 3,000sq m of affordable workspace and studio spaces for London’s new Borough of Culture, as well as retail space close to Blackhorse Road station.
Catalyst's executive director of property and growth, Tom Titherington, said: "The Blackhorse Yard development is an excellent example of collaboration, with Catalyst, Swan Housing Group and the GLA working together to deliver genuine affordable homes for Londoners.
"The new scheme will be a genuine destination for Waltham Forest, providing affordable workspace and artists' studios for the area's creative industry."
The former industrial estate, which had stood derelict for seven years, bought by the GLA in 2016, under instructions from London mayor Sadiq Khan. The GLA then launched a tender to find a development partner to build 'genuinely affordable' homes for Londoners.
If you are interested in reading more about Waltham Forest, subscribe to our newsletter