Sisk to build new homes in Camden
Property developer Sisk will build 265 new homes plus new commercial space at Maiden Lane in northwest London after being appointed by Camden Council to work on the £50m development. The new scheme at Maiden Lane will form part of the Council's Community Investment Programme (CIP), a 15-year plan to invest in new residential properties, schools, and community facilities.
As a result of CIP, around 2,750 new homes could be developed in Camden, and £117m will be re-invested into 58 schools and children's centres before 2016.
Of the new homes to be developed at Maiden Lane, 50% will be for council rent and shared ownership, including a high proportion of three- and four-bedroom homes for local families. Residents of Maiden Lane who have a particular housing need - such as overcrowding - will have priority for the new homes, as part of a Local Lettings Policy. Some 20 homes have also been designed to be fully wheelchair accessible.
In addition to the construction of new homes, the scheme will also feature low-cost social enterprise space for start-ups and small businesses and retail and café spaces.
Cllr Julian Fulbrook, cabinet member for housing, says: "We are very pleased to have the skills and expertise of Sisk to help deliver our regeneration project at Maiden Lane. The new development will provide much-needed high quality new council rent and shared ownership housing, which will help to address critical issues as overcrowding and improve the quality of housing in Camden."
Mike Higgins, director at John Sisk & Son Ltd, adds: "We are absolutely delighted to be working with London Borough of Camden on this major regeneration scheme which will transform the neighbourhood. A key focus will be working with the community to ensure the scheme delivers a sustainable legacy."