The site, known as Package A, is being developed by Hill and is part of the first development site, in Albany Road, which in total will feature more than 800 homes, a new public square, a community centre and two new parks.
A ceremony to mark the beginning of work was held on Thursday 25 July, hosted by development partners Southwark Council and Notting Hill Genesis, in partnership with Hill.
Greg Hill, Deputy Chief Executive of Hill, said: “We’re delighted to be partnering with Notting Hill Genesis and Southwark Council on the delivery of the Aylesbury Estate. This exciting and complex project will bring high quality new homes and substantial community investment to the area. As a housebuilder, we understand the importance of community investment and we strive to continue our innovative collaborations with like-minded partners to build in the areas that will benefit the most.”
Cllr Johnson Situ, Cabinet Member for growth, planning and development at Southwark Council, said: “Our commitment to the transformation of the Aylesbury Estate will create new quality homes; dramatically improve living conditions of existing residents, with new community facilities and an increase in the amount of genuinely affordable homes and re-provision of social rent homes.”
Kate Davies, Chief Executive of Notting Hill Genesis, added: “A huge amount of work has gone into reaching this stage, over many years, and our commitment to providing high quality housing to existing and new residents is as strong now as on the day we were chosen as development partners.”
There will be 3,500 homes created across the entire regeneration, half of which will be affordable housing. Of that half, 75 per cent will be let at social rents, while the rest will be for shared ownership or shared equity.