Bouygues UK has reached financial close on a £19 million mixed regeneration deal in London’s Maida Vale that will see the council release land for housing to fund a new school and education facilities.
H&V News’ sister publication Construction News reports that financial close on the Amberley Road School and residential project means the west London district will get a 420-place primary school, 30-place nursery and an adult education centre, along with 47 new homes.
Bouygues UK, as the main development and construction partner for Westminster Local Education Partnership (LEP), came up with the masterplan after a feasibility study looking at how the council could use its assets to meet local needs for education, affordable housing and new homes.
Westminster City Council, initially acting as the developer, agreed a long-term land lease deal with Redrow, who will develop and sell new homes adjacent to the Amberley Road site.
That deal, along with some additional funding from the Education Funding Agency, meant the council could commission the construction of the new school and adult education services centre.
A newly created ARK Atwood Primary Academy School opened in temporary accommodation at Third Avenue in September 2011 with a limited intake.
It will move to its new, permanent location in Amberley Road – which currently consists of an old Edwardian school and industrial buildings – in September 2014, where it will reach full capacity.
Bouygues UK’s Arnaud Bekaert said: “After years of hard work from all of the teams we are delivering an exciting and innovative project that will help the area to develop.”
Westminster City Council project delivery manager Tristan Samuels said: “The council is very pleased that this project is progressing, this represents a great piece of collaborative working and we hope this model can be repeated.”
Redrow Homes London sales and marketing director Mary Timlin said: “With the help of our partners, this exciting scheme will regenerate a key part of the canal front in Little Venice, provide a new school for the community and a collection of much-needed high-quality new homes.”
Designs were done by Pollard Thomas Edwards Architects.