1 March 2018: 11:43 am
JV announced for stadium homes
Developer Galliard Homes and housing association Catalyst have formed a joint venture (JV) partnership to deliver a £350 million scheme at Plough Lane, as part of the AFC Wimbledon stadium development.
The 90,000sq m mixed-use development will include 602 homes, retail space and a squash and fitness club.
The JV will deliver 177 shared ownership homes, an increase from 60, which will be handed over to Catalyst on completion; it will also take delivery of 117 private sale units.
Stephen Conway, executive chairman of Galliard Homes, said: "There are so many components to this scheme that will benefit the local area and we are thrilled to have Catalyst on board who really has what it takes to make things happen in order to deliver a ground-breaking number of affordable units in a new residential scheme."
Organising the clearance of the site started in mid-February with Galliard expected to start construction this summer.
AFC Wimbledon, founded in 2002, first had its plans for an initial 11,000 seat stadium, with the potential to later add to up 20,000, approved by Merton Council in December 2015.
Erik Samuelson, the club's chief executive outlined the local benefits that the project would bring: "The overall development will bring a substantial amount of new housing to the area; as for the stadium, it has been shown that whenever a new stadium is built it is followed by substantial regeneration in the surrounding area.
"So this in itself will be a massive plus for the area; in addition, the extra community work we and our partners will be carrying out in Merton generally and the local area in particular will of itself provide a major boost to the borough."