Affordable housing developer Dolphin Living has selected Montagu Evans to advise on the delivery and procurement strategy for the rebuilding of the New Era Estate in Hackney, N1.
Dolphin Living acquired the 1930s Hoxton estate in December 2014 with the aim of securing the future housing needs of residents of the estate. Its plans include rebuilding the estate to provide 199 high-quality new homes and retail space.
Montagu Evans’ role will include helping shape and optimise both the commercial structure and procurement strategy through the first stages of work, followed by overseeing the procurement process itself, and will ultimately conclude with Dolphin Living entering a contract with a preferred development partner by summer 2023.
Oliver Maury, partner at Montagu Evans, said: “These are very well-considered plans that put residents at their heart. Following Dolphin Living’s recent revised planning application and our own review of the preferred delivery strategy, we will soon be ready to begin the process of selecting a suitable development partner.”
Olivia Harris, chief executive of Dolphin Living, said: “The redevelopment of New Era Estate not only allows us to continue to provide high-quality, affordable homes to London’s key workers close to their places of work but it also guarantees the future of the community that lives there.”
Dolphin Living’s objective as a charity is to provide homes in central London at below market rents to allow working Londoners on modest incomes to live in central boroughs close to their places of work.
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