The joint venture will develop two estates in the London borough over eight years
G15 housing association One Housing has announced home builder Countryside as a preferred development partner for the Camden Goods Yard regeneration project.
Subject to formalising contracts, One Housing has selected Countryside to enter into a 50:50 joint venture partnership. It will see the housing provider and home builder jointly planning, designing, funding and delivering a comprehensive regeneration of the Gilbeys Yard and Juniper Crescent estates in Camden. The project is subject to a positive resident ballot and is planned over an eight-year period.
Juniper Crescent and Gilbeys Yard are located either side of Morrison’s supermarket behind the Stables Market in Camden.
Currently, 202 homes are provided but the scheme will look to deliver around 650-700 units including new homes for the current residents.
Resident engagement has been made an an integral part of the regeneration project, with a resident steering group part of the procurement team to select the joint venture partner. Residents will also be provided with a landlord offer prior to a ballot in March 2020 to decide on the future of their estates.
Mike Johnson, group director of development at One Housing, said: “Following a rigorous procurement process, we’re looking forward to working with Countryside, our residents and the London Borough of Camden to deliver this project.
“Countryside share our commitment to providing high quality new homes. We were also impressed by their approach to resident engagement and their ability to demonstrate that they could deliver on added social value and community benefits.”
Andy Fancy, managing director, partnerships South (North and South) at Countryside, added: “We’re thrilled to be partnering with One Housing on this landmark mixed-use regeneration scheme in the heart of Camden.
“We’re looking to deliver more than three times as many high-quality homes including affordable homes as well as ensuring that local residents benefit from attractive public open spaces and crucial local amenities – all vital in creating sustainable communities.”
Monika Petrasova, on behalf of the Residents Steering Group, said: “We’ve been pleasantly surprised by the level of involvement in the regeneration project from the start. We were part of the moderation meeting, which has never happened before, and we also marked all the tender submissions”.