Market Leads & Opportunities
Joint Venture partner appointed for multi-million-pound regeneration in Beam Park
Havering Council’s cabinet has approved plans to appoint Notting Hill Housing Trust as its Joint Venture partner to deliver a regeneration project that will transform the south of the borough.The Joint Venture partnership will see the Council work with Notting Hill Housing Trust to build at least 774 new homes in Beam Park. Cabinet members were told that the ambitious project would be delivered without burdening Council Tax payers.The mixed-tenure development will provide 35 per cent affordable housing including properties for shared ownership and market sale. These will include one, two and three bedroom flats and houses.Members agreed to enter into a Joint Venture with Notting Hill Housing Trust to facilitate the development. The funding for the scheme will now be subject to approval at a meeting of the full council on Wednesday 21 February 2018.The development is part of one of the Mayor of London’s Housing Zones, which will deliver 3,500 new homes across Beam Park.In conjunction with the new developments, residents will benefit from new health facilities and a three-form entry primary school.A two-kilometre-long linear park is being created along the A1306, which will form open green space, play facilities, sport areas, cycle lanes and areas to encourage wildlife and biodiversity.There will also be a new bus interchange and Beam Park train station, on the c2c line, which is one of the first to be built in London for around 20 years.
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