new developments 23
Crest Nicholson begins work on £76m west London development
C
rest Nicholson has commenced works on its new £76m Totteridge Place scheme in Whetstone, Barnet.
The scheme will comprise 124 units, 19 of
which will be affordable, and will include a mix of one, two and three bedroom apartments, and three and four bedroom townhouses. With works already underway, the first completions are expected in summer 2017, and the majority of the one and two bedroom apartments will be
available on the London Help to Buy pro- gramme. Located in London’s Zone 4, Totteridge Place is only six minutes from Totteridge and Whetstone Tube, allowing easy access to Central London in just 35 minutes. Crest has reported a “surge of interest” from
first time buyers since the Brexit referendum. The growth in this segment of the market is in part thanks to the success of the Government’s Help to Buy scheme as well as continued demand
from other potential buyers looking to get onto the property ladder. Ben Miller, managing director of Crest
Nicholson’s Chiltern division, said: “The scheme will deliver a state-of-the-art development in one of greater London’s most sought after areas. In a post-Brexit market, with interest rates at an all- time low, now is an important time to be delivering much-needed affordable homes in an effort to support first time buyers.”
diners Close, Basildon, Essex. The site was sourced by Anderson Group, who is already act- ing as groundwork and civil engineers on three existing sites being developed by Inland Homes in Essex. This is the first phase of what is anticipated to
be a much larger development at the Gardiners Lane regeneration area, where there is scope for the development of around 800 homes. Inland Homes has already submitted a planning appli-
Inland Homes agrees JV for Basildon I
nland Homes plc has entered into a joint venture with Anderson Group to develop 43 new homes on a three-acre site at Gar-
cation for a further 89 plots and controls several properties across the wider area. Both parties have contributed an initial
£1.44m in equity to the project, which has an estimated GDV of approximately £13m. Anderson, via its Constable Homes subsidiary,
will be carrying out the construction of the homes, with Inland Homes responsible for the sales and marketing of the units. Gardiners Close is situated within Gardiners
Lane South, a strategic site within Thames Gate- way South Essex, the Government’s priority area for economic regeneration.
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