Peabody in the news

Our new development of 79 properties off Union Close will now be 100 per cent affordable.

Peabody originally received planning permission for the development – on the former NHS sites at Stonelea and Thornebury – in 2016.

Initially 30 per cent of the units were to be affordable. Following negotiations with Waltham Forest Council's Development and Investment Team, however, we've agreed that all of the 79 units will be affordable: 36 will be let at social rent levels, and the remaining 43 marketed as shared ownership properties.

The Leader of the Council Cllr Clare Coghill and Portfolio Lead Member for Housing Cllr Khevyn Limbajee attended the sites on Tuesday to see work begin.

Left to right above: Dick Mortimer (Executive Director Development, Peabody), Cllr Clare Coghill (Leader of Waltham Forest Council), Cllr Khevyn Limbajee (Portfolio Lead for Housing), Angela Wood (Director, Regeneration & Partnerships, Peabody) and Mark Peasey (Divisional Director - Keepmoat)

Cllr Coghill said: "One of my priorities as the Leader of the Council is to make sure that everyone has a roof over their heads and providing affordable, high-quality housing is vital to achieving this.

"Working with the Peabody Group is a pleasure – we welcome socially aware developers to Waltham Forest who can help us to build the infrastructure that creates thriving, happy communities.”

Dick Mortimer, Peabody’s Executive Director of Development, added: "It is our pleasure to be working with the Council. We recognise that there is a significant demand for high quality, family sized homes in the borough and more than one third of this development will be family units with three or more bedrooms."

The homes are being designed by Alan Camp Architects and constructed by Keepmoat Regeneration.