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The village is being developed by a consortium of Countryside Properties and Taylor Wimpey and will consist of residential, office and retail spaces. Once completed, all homes purchased by One Housing will be available via the Shared Ownership scheme for first-time buyers or allocated to those on the local housing waiting list.
The block (Block 201) which comprises the homes purchased by One Housing in this phase, will act as a landmark feature at the village, standing at 20 storeys high with biodiversity roofing installed across three floors.
The overall development, 20% of which will be affordable housing, is being constructed with green building materials including solar architecture and high-grade insulation, as well as with a cogeneration power plant to help meet the village’s electrical and heating needs.
The TLT team advising on the project is led by partner Shazia Bashir (Housing & Regeneration), supported by associate David Roberts (Real Estate), legal director Fergus Charlton (Planning), associate Andrew Russell (Projects, Infrastructure & Construction), and partner Mark Braude (Tax).
Saba Choudhury, head of acquisition and planning at One Housing Group, commented:
“This is an exciting milestone in a project that will transform the local area and the lives of local inhabitants by providing affordable homes of the highest quality and with unrivalled sustainability credentials. We are passionate about providing affordable housing solutions to communities and TLT’s stand out expertise in this space has played a vital role in helping to drive our mission.”
“TLT’s advice will remain a valuable pillar of support throughout the next phases of development on this site for years to come, and we look forward to seeing the vision for Greenwich Millennium Village become a thriving reality.”
Shazia Bashir, partner at TLT, added:
“It’s such a pleasure to be a part of a project that will not only have a meaningful impact for local people and their communities, but has a strong sustainability element at its core, which reflects TLT’s values and commitment to supporting ESG initiatives.
“Projects such as this represent the future of housing, so it’s crucial for these to become a success. Once constructed, we have no doubt that the power of sustainable placemaking will be clear to see, especially because the ultimate beneficiaries – those that will live, work and socialise here – have been at the heart of decision-making from the outset.”
02 August 2021