Published: 5th Jun 2020

The government’s housing agency, Homes England has agreed funding packages totalling £309 million to accelerate construction at three major London developments. The three schemes, in Brent Cross, Silvertown and Barking Riverside, have a total capacity for up to 20,000 new homes. The loan funding, from the government’s £4.5bn Home Building Fund, will enable the schemes to invest in infrastructure necessary to speed up the construction of thousands of new homes in the capital. In Brent Cross, a £148m funding facility will enable the Brent Cross South Limited Partnership (BXS LP) – a partnership between Barnet Council and developer Argent Related – to fund the land and infrastructure works needed to unlock the delivery of 6,700 homes. The Silvertown Partnership, consisting of an affiliate of Starwood Capital Group and Lendlease, will use a £105 million debt facility to unlock a minimum of 3,000 new homes at Silvertown Quays. And finally, Homes … (To read the full article, subscribe below)