142 units to be developed in site at next to Television Centre
Multi-storey car park on Wood Lane. Picture: Google Streetview
The multi-storey car park on Wood Lane is set to be converted into affordable flats after a deal was signed between the owners of the Television Centre development and the Peabody Housing Association.
The deal between Stanhope, Mitsui Fudosan and AIMCo the joint venture behind the scheme and Peabody will create 142 new units in two new buildings near the Hammersmith and City line. They will form part of the broader Television Centre development which will contain around 950 flats when completed.
Designed by Maccreanor Lavington Architects, the new buildings will replace the existing former BBC multi-storey car park opposite Westfield. The new buildings will provide 71 London Affordable Rent, 34 London Living Rent and 37 homes for Shared Ownership.
The JV will demolish the existing car park in 2021 and commence construction in 2022, with delivery expected in 2024. 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.
Jonathan Trout, Property & Commercial Director at Stanhope said “We are delighted to have exchanged contracts with Peabody and are looking forward to delivering much needed affordable homes for residents in Hammersmith & Fulham. Peabody share our long-term commitment for the area and we look forward to bringing forward the next phase of the project in due course.”
Simon Barry, Regional Development Director at Peabody said “This represents a fantastic opportunity to deliver high quality affordable homes in an excellent location. We have been closely involved through the early stages of design and look forward to working alongside the JV to help create great place to live within a thriving community in West London”.
January 18, 2021