Barratt London picks up South London residential site

Affordable housing provider Clarion Housing Group and Hadley Property Group have agreed a deal to sell the former Homebase site at 100 Woodgate Drive in Streatham Vale to Barratt London for an undisclosed price.

The South London site benefits from an extant planning permission for a residential scheme comprising 237 homes, 35% of which will be affordable.

As part of the transaction, Clarion has entered into an agreement with Barratt London for the delivery of 81 affordable homes, comprising 52 for social rent and 29 for shared ownership. The development, which is located adjacent to Streatham Common train station, will also include an NHS GP surgery and a new cycle hub.

Richard Cook, chief development officer at Clarion Housing Group, said: “This is a fantastic example of how strong partnerships can unlock sites for new homes, while delivering real social value. We are proud to be working with Barratt London to bring forward these affordable homes that will help meet housing need in Lambeth and support a thriving, connected new neighbourhood in Streatham Vale.”

Danny Masters, operations director at Barratt London, added: “We are absolutely delighted to announce the acquisition of Homebase Streatham. The extant planning permission secured by the Hadley Clarion joint venture will allow us to deliver 237 (including 35% affordable, 81 homes) much needed high quality sustainable new homes for LB Lambeth. In addition to the site acquisition, we have contracted with Clarion Housing Association Limited (CHAL) for the affordable homes being delivered on site. This is a key relationship for us, which we look forward to developing in the lead up to delivery, and beyond.”

Andy Portlock, CEO of Hadley Property Group, said: “We’re proud to have secured a consented scheme that balances quality, sustainability and local priorities. We now look forward to the transformation of this site into much needed homes, including 35% affordable housing, both for Lambeth and for London.”

The residential development London land team at Knight Frank advised Barratt London on the acquisition.