Barratt seals deals for two major London schemes

Aaron Morby 11 years ago
Share

Barratt is beefing up its London development pipeline with two more major schemes worth £675m.

Today it revealed it had signed separate joint venture deals with British Land and housing association L&Q to build 1,100 homes.

The deals lift the development value of Barratt’s London pipeline to over £2bn and puts the firm on target to deliver around 2,000 homes a year in the medium term.

Barratt’s first partnership with British Land has just secured planning permission for 463 homes, a 160 room hotel, retail and office space at Aldgate Place on the edge of the City.

The development, which is adjacent to the Barratt London Alie Street site, will include three towers of over 20 storeys.

91z8gpgMEcm2LMx27kzT9gOBkOTwkhAS4W59zt55dxK5Ot6FpL25c787OHwzYKBas-1

It will have a development value of around £250m and work is scheduled to start early in 2014.

Barratt London also confirmed that it is progressing its fourth joint venture with L&Q, to develop the Sainsbury’s site at Nine Elms.

The site has a development value of £425m with a detailed planning permission for 645 homes, a Sainsbury’s store and around 27,000 sq ft of retail and office space.

Barratt nine elms

Mark Clare, Group Chief Executive, said: “Our Barratt London business is expanding fast and we are now working on £2bn of new developments with four JV partners – British Land, L&Q, Morgan Stanley Real Estate Investing and Metropolitan Housing.

“We are planning to deliver 2,000 new homes a year in London and our technical capability to deliver complex schemes in the capital is providing us with a competitive edge in securing new business.”

Latest news

John F Hunt wins 24-storey Battersea tower

Specialist to carry-out demolition, enabling works and RC frame construction
7 hours ago

William Hare wins steelwork on £500m Broadgate towers

Specialist to work on 2 Finsbury Avenue with McAlpine
8 hours ago

McAlpine appoints MD to grow ventures business

Owain Thomas will build on private rental and healthcare development successes
5 hours ago

BAM Co-op Live Arena opening delayed yet again

Another gig cancelled last night amid last minute safety concerns
11 hours ago

National Grid unveils winners for £9bn network upgrade

New 'enterprise model' to deliver infrastructure schemes quicker and cheaper
1 day ago

Turkish insulation panel maker to build £45m UK factory

Assan Panel to open first UK plant at Freeport East
11 hours ago

Expanding consultant Stantec swoops for Hydrock

Stantec UK business expands by a third as 950 staff join from Bristol-based engineer
1 day ago

Contractors wanted for £800m highways deal

Bids invited for Eastern Highways Alliance Framework 4
11 hours ago

Galliford Try names group head of infrastructure

David Lowery promoted to Divisional Managing Director – Infrastructure.
12 hours ago

Chigwell Group looks at stock market listing

Essex contractor registers as Public Limited Company
1 day ago

A57 Mottram Bypass clears final legal challenge

Balfour Beatty to get go-ahead to start shortly
1 day ago

100 jobs axed as Geoffrey Osborne confirms administration

Chairman Andrew Osborne calls it a 'sad day' as board loses fight for survival
2 days ago

Midgard set for Notting Hill office tower overhaul

Landmark project edges towards final approval after 10-year planning saga
1 day ago

Cumbrian civils firm clinches £40m Sellafield contract

Civils specialist Stobbarts will support McAlpine on groundworks and concrete
1 day ago

Designers named for London 2000-bed student rooms job

Bouygues will build £400m London School of Economics student scheme next to Tate Modern
1 day ago

£117m-turnover contractor files administration notice

ARJ Construction lodges court notice
2 days ago

£1bn London Blackfriars tower blocks approved

Trio of buildings rising to 45, 40 and 22 storeys approved by Southwark Council
2 days ago

Council decides to end Balfour deal after 13 years

Contractor has been maintaining roads across Herefordshire since 2013
2 days ago

Six civils clients to switch to low carbon concrete and steel

National Highways, Northumbrian Water and Sellafield sign fresh decarbonising pledge
3 days ago

Fortem extends homes repair deal across Birmingham

Willmott Dixon owned firm adds another two years to deal worth £170m
2 days ago

Kier wins £118m civil service Darlington hub

Work is expected to start towards the end of this year
3 days ago

Green light for 34-storey Digbeth apartments tower

480 flats will be delivered for Clarion housing association
2 days ago

LHC starts race for major retrofit and decarb framework

Hunt starts for firms to help with 6.1m social homes upgrade target
3 days ago

Windows giant Everest crashes into administration

Around 350 jobs at risk while hunt starts for a buyer to salvage business
3 days ago

Green light for £500m Newcastle health complex

Mixed use scheme will promote healthy living across all stages of life
3 days ago

Olympian Homes gets go-ahead for Bristol’s tallest building

Work on student and co-living towers to start this summer
3 days ago

ISG gets nod to start £20m Glamorgan school job

Ysgol y Deri specialist needs school is to built at Cosmeston, near Penarth
3 days ago

Walker Modular lands £5m bathroom pod contract

Specialist to work with Graham and Watkin Jones on major build-to-rent scheme

Banned building boss jailed for fraud

Court hears how disqualified director siphoned off cash from new housing company
3 days ago

Osborne staff start looking for new jobs

"Open to Work" flags appear on LinkedIn profiles
6 days ago

Contractor services