London’s Hackney Council has selected Ardmore to deliver 371 mixed-tenure units across four buildings in the final phase of the £154m Britannia scheme
The design and build contract for the Britannia scheme will see four residential buildings of up to 25 storeys bring 371 units, including 81 affordable homes, to Hackney.
Located next to Shoreditch Park, there will be 290 private for sale homes amongst the flats. The 81 affordable homes will be available for social rent and shared ownership.
The Hackney Britannia scheme continues Ardmore’s regeneration works in London
Ardmore has renegotiated a price of £154m with Hackney Council, after the residential contract was originally tendered at £120m last year.
Ardmore director James Byrne said: “Over the last few months, we’re already managed to build a strong working relationship with Hackney and their design team to help bring the buildings in line with the highest safety standards, without any compromise in quality.
“We are looking forward to working with Hackney Council and to build on our impressive track record of major residential and regeneration schemes in London.”
The contract win follows Ardmore’s delivery of the 1,000-unit multi-phase Parkside scheme in Lewisham and the 387- unit Phase 4a of Battersea Power Station.
Profits will help retroactively fund a local leisure centre and school
Morgan Sindall built the leisure centre and school under separate £54m and £44m contracts.
‘Overcoming funding challenges’ to local regeneration
Mayor of Hackney Philip Glanville said: “Through the council’s Britannia flagship project we are already seeing the benefits of the biggest public sector investment in the area in a generation.
“It’s also an example of how we’re overcoming funding challenges to provide the high-quality facilities and infrastructure that Hackney residents deserve, directly delivered by the council and serving some of the most challenged parts of our borough.
“With new education and leisure facilities already delivered and proving a huge success, appointing this team is a major milestone in honouring our commitment to delivering much-needed new council homes on the site, prioritised for the local families who need them most.”
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