JJ Rhatigan wins £53m Abbey Wood towers

A developer by the name of Hub has awarded JJ Rhatigan a £53m construction contract to build Abbey Place, a development of 245 flats in Abbey Wood, southeast LondonConstruction has started on site this month, with construction expected to complete in the third quarter of 2023.Designed by architect Shedkm, the 13- and 21-storey residential towers will form a mixed-use development next to the new Abbey Wood Crossrail station, near Woolwich. The scheme will provide 72% affordable homes, as well as three commercial units, a new public square and improvements to the public realm.Hub acquired the site in partnership with Bridges Fund Management from U+I in 2015. At that time it had planning consent for a hotel and apartments but Hub commissioned Shedkm to produce a scheme with more housing. A resolution to grant planning permission was granted in October 2017 with the Greater London Authority confirming its approval in 2018.Hub has secured a forward funding deal with CBRE UK Affordable Housing Fund (AHF), a fund managed by CBRE Global Investors, to deliver the scheme.