Durkan to start on stalled Ilford resi scheme

Grant Prior 6 years ago
Share

Durkan can start to build 354 new homes on the Britannia Music site in Ilford after securing a £25m loan from the Mayor of London.

The site will contain 354 new homes
The site will contain 354 new homes

Work is expected to begin in autumn this year with completion of the first homes in 2018 as a result of funding through the Mayor’s Housing Zones initiative.

Deputy Mayor for Housing and Land, Richard Blakeway, said: “Housing Zones aim to free up empty brownfield sites for development by providing a funding boost and ensuring housing delivery takes place when it might never have happened.

“The Britannia Music site in Ilford is a classic example of how this works in practice.

“The Mayor’s investment has unlocked a site that has previously stalled since 2007, delivering much-needed homes which it’s hoped will trigger further development in the town centre.”

Danny Durkan, Executive Chairman of Durkan, said: “Durkan is delighted to have secured the first GLA loan facility allocated through the Mayor’s Housing Zone initiative.

“This exciting project located at Roden Street, Ilford, comprises of 354 units and commercial space and falls within the Ilford Town Centre Housing Zone designated by the GLA in May 2015. The tallest part of the development will be 23 storeys.

“The significant funding provided by the GLA has ensured that we are now able to provide the right level of investment to bring the scheme forward and the timing could not be better as not only will Ilford be benefiting from the pending arrival of Crossrail, the development will form an integral part of the town centre regeneration.

“We would also like to thank the London Borough of Redbridge whom we worked closely with on this project and whom were very supportive in the early proposals submitted to the GLA.”

048_View-6b_01_sml

Latest news

Pagabo names £1.6bn civils framework winners

Forty eight firms secure spots on new civils and infrastructure framework
1 day ago

£1.25bn Stonehenge tunnel job winner revealed

Spanish, Italian, and Austrian JV scoops A303 Amesbury to Berwick Down scheme
2 days ago

Altrad swoops for Doosan Babcock

Over 4,000 staff will transfer to the fast-expanding industrial services group
1 day ago

Suspended jail sentences after fatal roof fall

Court sentences two men after hearing of safety failures on over-cladding job
1 day ago

McAleer & Rushe on track for record £425m revenue

Revenue and profit return to pre-pandemic level as focus grows on high-rise flats
2 days ago

Domis on the hunt for subcontractors and suppliers across Cornwall

Contractor hosting meet the buyer event to set-up local supply chain for string of major projects
1 day ago

Lendlease £140m hospital claim to hit High Court

Cramlington hospital trust claims for new temporary building while remediation works carried out
2 days ago

Balfour bags £50m Piccadilly Line upgrade

First award under latest London Underground High Voltage Power framework
2 days ago

Cash runs out on HS2 old Curzon Street station refurb

Laing O'Rourke/Murphy JV halts work on historic station renovation
2 days ago

MPs call for cut in building demolitions to save carbon

Watchdog MPs set out urgent plan to prioritise retrofit and reuse of buildings over new build
2 days ago

Structure Tone stems losses as order book grows

Fit out specialist racks-up £4m loss but is confident of turnaround this year after restructuring
2 days ago

Construction leaders launch inflation busting taskforce

All sides of industry urged to work together rather than row over price hikes
3 days ago

HG Construction names next chief executive

Adam Quinn, son of one of the MBO founders, to take the reins in July
2 days ago

Lendlease Stratford IQL blue towers approved

35- and 14-storey hexagonal blocks will provide 350 flats
2 days ago

Track worker killed by train was controller of site safety

Distracted rail worker "lost awareness of his position relative to the line the train approached on"
3 days ago

MechFS went down owing £9.5m to supply chain

Subcontractors left holding millions in worthless invoices
3 days ago

HG Construction profit jumps 50% to £25m

Multi-storey homes and student accommodation jobs drive sales to record £243m
3 days ago

Go-ahead for Newcastle’s largest build to rent project

Work to start on 14-storey flats complex in the autumn
3 days ago

Contractors wanted for £288m Northumbrian Water frameworks

Ten lots up for grabs under latest major civils deal
3 days ago

Plans in for 142-room Exeter net zero hotel

RED Construction to build first of hotel developer's planned chain of net zero hotels
3 days ago

Rail workers vote to strike over maintenance job cuts fears

Network could grind to a halt next month
3 days ago

Race for £100m Immingham ferry terminal job

AB Ports aims to start work in mid 2023
4 days ago

Sisk wins Stockport £60m Weir Mill restoration

Work to start next month on 250 flats scheme
4 days ago

Developer swoops for 1,000-flats landmark Leeds site

Revised plans to be submitted by the end of the year for start soon after
5 days ago

Dominvs seals £173m funding for 713-bed student job

HG Construction to start major Hammersmith student complex in November
5 days ago

Briefings start for £1bn Midland Mainline Electrification plan

Market engagement starts for next seven sections covering 139km route to Sheffield
4 days ago

Forterra pushes back £27m factory refurb plan

Supply chain shortages hit project as brick prices rose another 12% last month
4 days ago

Speedy Hire results slowed down by KPMG

Hire giant left "frustrated and disappointed" by delay request from auditor
4 days ago

London office starts set to surge over next 6 months

Deloitte Crane Survey predicts jump in starts in Capital despite high building costs
5 days ago

Fit-out firm BW Workplace slips into the red

£5.2m backdated R&D tax credit deal lifts after tax performance
5 days ago

Contractor services