Barratt London and housing association Hyde Group have started a joint venture to develop the final 30-acre slice of the former Kodak factory in Harrow.
They will develop 1,150 homes on the Harrow View East site. Next door, housing association L&Q will be developing a further 700 homes after an earlier deal.
Land Securities, who were selling the 60-acre site, had initially planned 985 homes and 135,000 sq ft of shops in a project worth £500m. Persimmon bought a 20-acre slice for about £50m in March 2015 with planning for 314 homes, known as Harrow View West.
However, Land Sec then resubmitted planning in July 2015 to increase the numbers in the remaining areas, from 685 to 1,800, after the site received housing zone status.
Hadley Property Group bought 700 homes initially, then sold these in a back-to-back deal with L&Q.
The Barratt and Hyde Group site has outline planning permission for 1,150 homes alongside 350,000 sq ft of commercial space.
Matt Calladine, regional land and development director at Barratt London, said: “The acquisition provides both Barratt London and Hyde an excellent opportunity to deliver new homes within the London Borough of Harrow following the recent success of the former Royal Mail sorting office at Harrow-on-the Hill.”
It is the second jv for Barratt London and Hyde. In October 2016, the partnership secured Harrow Square, a 318-home development in Harrow.
Harrow View East is located within the Heart of Harrow housing zone and forms part of the 20 year regeneration strategy, which was recently approved by the council.
Harrow & Wealdstone Overground station is located a short distance from Harrow View East providing transport links into central London via the Bakerloo Line, National Rail services and the Overground network.
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