Crest Nicholson have announced a new 183-unit mixed-use development in Walthamstow.
Crest Nicholson has announced the purchase of a new 183-unit site in Walthamstow, known as Essex Brewery. Work is planned to commence in spring 2017, with the first units of the mixed–use development due for completion in summer 2018.
Essex Brewery will comprise 158 private units, 25 shared ownership units and 479 sq.m of flexible retail space for a variety of retail and culinary ventures. 95% of units at the Essex Brewery will be available on the popular London Help to Buy scheme.
Trevor Selwyn, Managing Director Crest Nicholson, said: “We are pleased to kick off 2017 by announcing plans for the Essex Brewery in Walthamstow, situated in one of greater London’s first time buyer hotspots.
“With interest rates at an all-time low, now is an important time to support first time buyers by delivering much-needed affordable homes. For the coming year, our focus will remain towards sites in outer London that offer homes which fall within the London Help to Buy price bracket and have strong transport links to the centre of the capital. This focus follows the huge interest and fast sales we experienced at our Dylon Works, Sydenham and Wood’s Road, Peckham, developments.”
Metropolitan & Suburban obtained planning permission in April 2016, with the scheme designed by the Kalyvides Partnership. As part of the permission, the council was insistent on early delivery of the scheme and BNP Paribas Real Estate was appointed to market the site.