Work has begun on the first 229 Notting Hill Genesis homes of the Aylesbury regeneration project, 84% of which will be let at social rents
The site is being developed by Notting Hill and means within two years, residents from later phases of the project will be able to move directly into new, high-quality homes in their community.
Package A is part of the first development site, in Albany Road, which in total will feature more than 800 homes, a new public square, a community centre and two new parks.
One resident, Omobolaji Raimi, 28, who lives in phase four, said: “It was great to see the site and look at where our new homes will be built. I’m really excited about the new flats which will be built to different standards than where I live now.”
Cllr Johnson Situ, cabinet member for growth, planning and development at Southwark Council, said: “Our commitment to the transformation of the Aylesbury Estate will create new quality homes; dramatically improve living conditions of existing residents, with new community facilities and an increase in the amount of genuinely affordable homes and re-provision of social rent homes.
“This is a fantastic day for the hundreds of Aylesbury Estate residents who want to see new genuinely affordable homes in the area. I am very pleased to see this positive step forward and look forward to welcoming the new tenants, many of whom will be moving from the later phases of the project, into their new homes.”
Kate Davies, chief executive of Notting Hill Genesis, added: “A huge amount of work has gone into reaching this stage, over many years, and our commitment to providing high quality housing to existing and new residents is as strong now as on the day we were chosen as development partners.
“This is just the first step in a much larger project, but with great facilities and a large amount of affordable housing for lower-income households, it is a real example of our vision for the wider neighbourhood.”
There will be 3,500 homes created across the entire regeneration, half of which will be affordable housing. Of that half, 75% will be let at social rents, while the rest will be for shared ownership or shared equity. At least 30% will be family homes of three bedrooms or more.
Over the lifetime of the project, 1,400 job, training and apprenticeship opportunities will be created for Southwark residents, and Hill will be providing some of these as part of the contract.