Laing O’Rourke has announced a “game-changing” offsite partnership with developer Stanhope and housing association Network Homes to deliver hundreds of homes across the South East
The agreement will see Stanhope, which has £22bn in completed projects, and Network Homes, which owns and manages 20,000 properties across London and the South East, sign a £200m joint venture deal to complete 550 homes in Southall, Ealing. Laing O’Rourke will precision-engineer the homes using offsite manufacturing with construction expected to start in early 2019. Completion is set for mid-2021.
The 350,000 sq ft Southall development will include a mix of Build to Rent, market sale and around 180 homes for shared ownership and affordable rent, alongside 20,000 sq ft of retail and commercial space, as well as flexible workspace for local small businesses and start-ups.
Core elements of the scheme will be digitally designed and manufactured at Explore Industrial Park, the most advanced construction manufacturing facility in Europe.
Laing O’Rourke chief executive Ray O’Rourke said: “We are delighted in our appointment to deliver 550 new homes at Southall, Ealing. Using Laing O’Rourke’s DfMA 70:60:30 offsite manufacturing capability, the project will see efficiency and certainty of delivery that is needed both here and to get a different result for the housing market across London and the South East.”
David Camp, chief executive of Stanhope, added: “This alliance between a major private developer like Stanhope and a leading provider of quality homes like Network Homes is the only way we are going to solve London’s housing crisis by delivering high quality new homes cheaply and efficiently outside the conventional structures, which have failed.
“We need to disrupt the market to achieve the ambitious goals for new and affordable housing set by the mayor of London and the government.”