The homes are part of two Berkeley Group developments in Wembley and Hendon
Sovereign Network Group (SNG) has exchanged contracts with house builder Berkeley Group to deliver 555 social rent homes in London.
Berkeley Group has agreed the forward sale of the homes to the housing association which has 85,000 homes across London, the South East, South West and East of England.
The deal includes 269 homes at Grand Union in Wembley in the London Borough of Brent, made up of one to four bedroom apartments, spread across two buildings.
They form part of the wider 3,350-home Grand Union development, which is being built at the site of the former Northfields Industrial Estate.
The first SNG customers are likely to move in from May 2029.
The deal also secures SNG 286 homes for social rent at Berkeley Group’s Silkstream development in Hendon in the London Borough of Barnet. The apartments form part of a wider scheme that will bring 1,337 new homes to the area.
Residents are expected to move into the SNG homes there from April 2028.
The social rented homes are being part-funded through the Greater London Authority’s (GLA’s) Affordable Homes Programme 2021-2026.
The homes will be available to those on Brent Council and Barnet Council’s housing registers, respectively.
Marcus Blake, Managing Director of Berkeley, said of the partnership: “Grand Union and Silkstream are fantastic examples of successful regeneration and placemaking, showing how sustained collaboration between developers, local authorities, housing associations and the GLA can bring forward much-needed homes in complex delivery environments – something that is not always easy to replicate, particularly in London.
“This agreement with SNG will deliver more than 550 additional social rent homes, helping ensure these neighbourhoods support a broad range of local housing needs.”
Joe Marshall, who is SNG’s Chief Investment and Development Director, commented: “We’re delighted to be partnering with Berkeley to deliver much needed social homes for local people in the London Boroughs of Brent and Barnet.
“With the support of the GLA and strong collaborations with developers like Berkeley, we’re able to accelerate the delivery of genuinely affordable homes and help meet the housing needs of communities across the capital.”