142 Affordables Homes Coming to West London
Stanhope, Mitsui Fudosan and AIMCo, on behalf of certain of its clients, announce today that they have awarded to Kier the contract for the construction of 142 new affordable homes for Peabody in two new buildings called Macfarlane Place at Television Centre, London, W12. Construction of Macfarlane Place will commence in March 2022 with delivery expected in early 2024.
The buildings form part of the wider Television Centre development which will eventually have c 950 homes in total. Stanhope is the development manager for Television Centre and Cantillon was the demolition contractor for the multi-storey car park.
Designed by Maccreanor Lavington Architects, the new buildings will replace the now demolished former BBC multi-storey car park on Wood Lane, W12, opposite Westfield. The new buildings will provide 71 London Affordable Rent, 34 London Living Rent and 37 homes for Shared Ownership.
The buildings will provide 68 x 1 bed, 67 x 2 bed and 7 x 3 bed apartments, with new public realm and retail space retained by the JV fronting Wood Lane. Peabody will be responsible for managing the homes when completed. The JV is working closely with Transport for London, who own the adjacent arches below the elevated Hammersmith & City line, to help improve the wider area for the local community.
Jonathan Trout, Property & Commercial Director at Stanhope said “Construction of 142 affordable homes, and the ongoing construction of a new office building at 1 Wood Crescent, Television Centre, shows the healthy state of the property market in White City. We are looking forward to working with Kier and delivering much needed affordable homes for residents in Hammersmith & Fulham alongside Peabody who share our confidence and long-term commitment for the area.”