After more than 7 years trying to get their badly desinged, inappropriate scheme ready for construction C&R have at last managed to get another company to take on the major work of building two tower blocks, 34 and 27 storeys, in Walthamstow Town Centre. The whole concept of the scheme goes back to the halcyon days of the Olympics. So much has changed since then this scheme is just wrong and should be abandoned.
QUESTIONS FROM RESIDENTS
The new station entrance is not funded so will it ever be opened to passengers?
Will shoppers come to a 5 year building site when there are plenty of alternatives?
Will this be the end of the market?
Will a decent playground for children be available during the 5+ years of construction?
Over 50% of the current usable open space is being built over - no more sun bathing in the town square! How does that address the Climate Emergency?
More than a 1,000 people with substantial incomes will move in making the area even more congested.
Will a 34 storey tower block be safe from fire, and if not how will the fire brigade deal with a burning flat?
How will the construction traffic effect the bus station reliability?
Why have our Councillors allowed this unimaginative, out of date, badly desinged scheme to be forced on us?
PRESS RELEASE from LONG HARBOUR:
From: Harry
Gault <Harry.Gault@pagefield.co.uk>
Date: Mon, 11 Jul 2022 at 00:43
Subject: Long Harbour and JV partners invest £260mn in Walthamstow to deliver
495 homes for rent
Good morning,
Please see below for an announcement from Long Harbour regarding a new development at 17&Central in Walthamstow.
We also wanted to share a project timeline which you’ll find below. Waltham Forest Borough Council will also be sharing this timeline with the local community later today.
Timeline
11–22 July
Hoarding to be erected along Selbourne Road
11–22 July
Hoarding to be erected along the boundary of 17&Central and the park
28 July–4 August
Hoarding to be erected along the main entrance of 17&Central
1–3 August
Hoarding to be erected along Selbourne Road
Do let us know if
you have any questions or require any more information.
All the best,
Harry
Long Harbour and JV partners invest £260mn in Walthamstow to deliver 495
homes for rent
- New town centre development forms part of
17&Central, Walthamstow
- New homes for private rent to be operated by
Long Harbour’s residential management business
- Long Harbour, alongside its partners PSP
Investments and Cadillac Fairview, is continuing to target further deals
across London and Southeast
11 July 2022: FOR
IMMEDIATE RELEASE – Long Harbour, the specialist real estate investment,
development, and management firm, is to start construction on 495 new homes for
private rent at its latest development in Walthamstow town centre, marking the
first deal within the Long Harbour, PSP Investments and Cadillac Fairview joint
venture. Located on Selbourne Road in the heart of Walthamstow, the project is
adjacent to 17&Central Shopping Centre in Walthamstow, which is owned by
Capital & Regional Plc, the UK convenience and community focused shopping
centre REIT. Long Harbour recently acquired the site from Capital &
Regional having exchanged contracts in December 2020 and has appointed Tide
Construction Ltd to deliver the scheme.
The development
will consist of 495 one and two-bedroom apartments within two landmark towers
of 34 and 27 storeys. The towers will be connected by an expansive ground floor
entrance and amenity space, including a publicly accessible reception with
dedicated concierge, lounge area, and ground floor café. The development will
also feature resident amenity spaces on the upper floors, including a lounge,
shared kitchen area for events, and a roof terrace, with private winter
balconies for each apartment. The project aligns with the partnership’s ESG
targets including use of low-carbon building materials and measurement of
carbon footprints during the construction period. The building has been
designed with an increased focus on customer wellness and will form part of the
joint venture’s GRESB submission once operational.
Capital &
Regional also has planning consent to extend 17&Central as part of its
ongoing strategy to provide shops, restaurants, leisure and other necessity
focused services that are tailored to the needs of the local community. These
plans also include a new entrance to Walthamstow Central Station in the future,
public realm improvements and improved landscaping, with new trees planted
along Selbourne Road, alongside improved pedestrian and cycle routes. The
development will also create up to 99 affordable rental homes and over 800
cycle storage spaces for residents.
Volumetric modular
developer Tide Construction will deliver the scheme using its Vision Modular System, which allows both companies to fulfil the programme faster, safer and
more sustainably than using traditional methods of construction. As with Tide’s
other developments, the carbon emissions of the construction process could be
cut down by up to 45% with its innovative technology, as verified by
independent academic research. Work on site will commence imminently and is
expected to complete by Q3 2025. 17&Central, Walthamstow will continue to
operate throughout the works.
Long Harbour
Multi-Family targets expansion in London & South East
Long Harbour’s
development at 17&Central, Walthamstow is the latest to be delivered
through Long Harbour Multi-Family Fund 2 (“LHMF 2”), the firm’s £1.5 billion
Build To Rent (BTR) fund, which targets high quality BTR schemes of over 150
units in London, the South East and selected regional cities. Other Long
Harbour assets include 476 homes across two phases at Tottenham Hale. The first
phase, The Gessner, opened 6 months ahead of schedule in July 2021 and is fully
let to residents. Long Harbour is in active discussions on a number of other
assets.
James Aumonier, Chief Operating Officer and Group Head of BTR at Long Harbour, said: “This is an exciting moment for LHMF as work begins to deliver our latest development at Walthamstow, which will not only offer a totally unique experience for residents in a highly popular location, but also contribute to the transformation of the town centre. Residents will benefit from direct access to Walthamstow Central Station, providing fast connections to Central London via the Victoria line, while new homes and retail will complement each other to create a vibrant new town centre with significantly improved public realm. This is an excellent example of how build to rent development can enhance footfall and diversify uses in town centres.”
Christy Hayes, CEO at Tide Construction, said: “We are partnering
with Long Harbour on this substantial development to deliver high-quality homes
efficiently and sustainably. Using the innovative technology of Vision Modular
systems will enable us to reduce the carbon emissions associated with the
construction process and minimise construction logistics, supporting our
partnership’s strong environmental, social and governance credentials.
The flexibility of our volumetric system also allows Tide and Vision to
fulfil the design brief within this town centre build to rent scheme which
further highlights our company’s strong track record of revolutionising the way
in which housing is delivered in the UK, demonstrating the potential of modular
as a mainstream method of construction.”
ENDS
For further information, please contact
Owen Mitchell and Harry Gault, contact@mallwalthamstow.co.uk / 020 3327 4948
About Long Harbour
Long Harbour is a specialist real estate investment, development, and
management firm. Uniting market leading expertise across a range of assets
classes, Long Harbour generates attractive returns for investors whilst seeking
to create buildings of lasting value through thoughtful design and exemplary
stewardship. Long Harbour has a proven track record of AUM growth across its
three investment programmes: Secured Income, Multi-Family/Residential and
Regeneration.
Long Harbour’s approach to asset management is to make a positive impact
in the communities in which it operates, whilst delivering long-term value to
its investors through platform based, thematic strategies.
Last year, Long Harbour secured a £650m equity injection for its Multi-Family investment programme bringing together international investors Public Sector Pension Investment Board (PSP Investments) and Cadillac Fairview (CF), the real estate arm of the Ontario Teachers’ Pension Plan, to create a £1.5 billion platform with significant fresh capital for acquisitions.
Long Harbour currently employs over 250 staff across its offices in the
UK, Europe, and the US.
About Tide Construction and Vision Modular Systems
Tide Construction is a world-leading property developer and contractor
that uses both traditional and modular construction. Using its accredited 3D
volumetric company, Vision Modular Systems, allows Tide to provide a
high-quality, sustainable solution for delivering housing, co-living,
build-to-rent, student accommodation and hotels at scale and at pace. Operating
through a vertically integrated procurement model, Tide has a strong track
record of delivering modular schemes safely and sustainably, and has delivered
seven of the ten world’s tallest modular buildings including the current
tallest, Ten Degrees Croydon. Tide has demonstrated years of significant and
consistent growth, in terms of pipeline and financial strength, and
long-standing partnerships with some of the world’s largest institutional
investors, establishing volumetric modular as a mainstream method of delivery.
Tideconstruction.co.uk and visionmodular.com
