200 homes to be built in Abbey Wood
PUBLISHED: 12:02 04 December 2015 | UPDATED: 12:02 04 December 2015
The acquisition of a one-acre site as part of an £85million project will bring much-needed mid-market homes to south London
More than 200 homes are set to be built in south London following the acquisition of a one-acre site in Abbey Wood.
The investment is a partnership between The Bridges Property Alternatives Fund, managed by specialist sustainable and impact investor Bridges, and HUB, a specialist residential developer.
The partners believe that the Cross Quarter scheme – a £85 million mixed-use project that will benefit from proximity to the Crossrail terminus station from 2018 – represents a landmark regeneration opportunity, and will provide residents in south London with much-needed mid-market homes.
Steve Sanham, development director at HUB, said: “Cross Quarter is the perfect example of how transport and long-term investment can revive a community.
“And with our focus on creating mid-market homes for Londoners, the project will offer vital new opportunities for housing the capital’s workers.”
Simon Ringer, partner and head of property funds at Bridges Ventures, said: “We’re delighted to be working with HUB on another residential project.
“As well as being a compelling commercial opportunity in an emerging growth location, we also believe it can also have a powerful social impact by contributing to the regeneration of this part of south-east London.”