British construction, services and property group Kier has been selected to build 142 new affordable homes for Peabody at the Television Centre in London, UK.
The contract has been awarded by a joint venture (JV) of Stanhope, Mitsui Fudosan and AIMCo on behalf of certain clients.
The new homes, which are planned to be built in two new buildings called Macfarlane Place, are part of the wider Television Centre development.
The Macfarlane Place will replace the demolished former BBC multi-storey car park on Wood Lane, W12, opposite Westfield. It will comprise 71 London Affordable Rent, 34 London Living Rent and 37 homes for shared ownership.
Designed by Maccreanor Lavington Architects, the buildings will provide 68 units of one bed, 67 units of two-bed and seven units of three-bed apartments.
Construction is set to commence in March 2022 with delivery scheduled in early 2024.
Peabody will manage the homes upon completion.
Stanhope property & commercial director Jonathan Trout 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.”
Stanhope is serving as the development manager for Television Centre, which will comprise about 950 homes in total, while Cantillon acted as the demolition contractor for the multi-storey car park.
In order to improve the wider area for the local community, the JV is working with Transport for London which owns the adjacent arches below the elevated Hammersmith & City line.