Morgan Sindall Group’s affordable housing division Lovell has been awarded a £25 million contract to build two new sustainable housing schemes for Hackney Council.
This contract further develops Lovell’s relationship with the council, following its work on the borough’s housing modernisation programme over the past six years.
The two developments will create 149 new homes, built to Level 4 of the Code for Sustainable Homes, which means they will be 44 per cent more energy-efficient than homes built to current building regulations.
The work will take place across two sites, the former Alexandra National House site, a mixed tenure development where Lovell will build 42 homes for open market sale and 67 affordable rented properties, and a site at Shepherds Lane where 40 homes for affordable rent will be constructed. Work is expected to start on both developments in March 2011, with the Alexandra National House site due to be completed in March 2014 and the Shepherds Lane site due to be completed in March 2012.
In what is thought to be one of the first examples of local authority cross-subsidy of site development, Hackney Council has enabled the development of the homes for sale on the Alexandra National House site in return for Lovell investing in the broader scheme by constructing 20 council-owned homes at the Shepherds Lane site, which will have a design and build value of approximately £3 million.
Caption: An artist’s impression of the development planned for the Alexandra National House site, designed by PCKO Architects.