Newlon Housing Trust has selected Mount Anvil as its development partner for the £196m redevelopment of the Barnsbury Estate, Islington, N1.
The housing association launched a hunt for a joint venture partner last year to develop more than 900 homes as part of the estate regeneration. Mount Anvil was the successful bidder from a shortlist of three.
The Barnsbury Estate currently comprises 646 homes built between the 1930s and 1970s. Newlon launched consultation over the redevelopment of the site in 2019.
The development will see refurbishment of the Old Barnsbury homes and new build development of New Barnsbury. The partners will seek to deliver an increased number of mixed-tenure homes, of which 50% will be affordable. Mount Anvil will utilise loans from the Greater London Authority made available as an investment partner to the GLA.
Killian Hurley, chief executive of Mount Anvil, said: “Our goal is to develop quality homes and leave a positive, sustainable and successful legacy wherever we work in London. We hope that, following an initial warm welcome from the residents, we’ll have their support at the ballot and be able to deliver on our promises for the community.”
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