Housing association to buy 142 West London homes to be built by Stanhope-led joint venture
Housing association Peabody has signed a deal to purchase 142 homes, designed by Stirling Prize-winning architect Maccreanor Lavington, making up part of the flagship Stanhope redevelopment of the BBC Television Centre in White City.
The 142 homes will be built in two buildings on the site of a former car park for the iconic Wood Lane office block which served as home for the BBC for 53 years until 2013.
The development is part of a wider scheme delivering 950 homes being built by developer Stanhope and joint venture partners Mitsui Fudosan and AIMCo.
Peabody is to offer 71 of the homes to tenants for the London affordable rent, 34 at the London living rent level and 37 homes for shared ownership.
Work on the scheme will begin this year with the demolition of the car park, prior to full construction beginning in 2022 ahead of completion in 2024.
Simon Barry, regional development director at Peabody said the scheme represented a “fantastic opportunity to deliver high quality affordable homes in an excellent location.”
Jonathan Trout, property and commercial director at Stanhope, said the firm was looking forward to delivering “much-needed affordable homes for residents in Hammersmith & Fulham.”