A2Dominion New Homes acquires land for 82-home scheme in Camberwell
Developer A2Dominion New Homes has acquired a new site in Camberwell, south east London, for a major new residential development.
The site was purchased for £9.25m from Parritt Leng Construction & Management Limited and 8 Wyndham Road Ltd in June 2014. It was sold with planning permission for 82 homes and new commercial space.
Located at 166-176a Camberwell Road, the development will comprise 58 private rent and sale homes, 14 shared ownership and 10 affordable rented. As part of the deal, 8 Wyndham Road Limited will retain one block of six private sale units.
There will also be 222sqm of retail space and 516sqm for an artists’ studio/gallery.
Arranged over five new buildings, the scheme will range from four to nine storeys in height and will include a public square, play area and seven disabled car parking spaces.
Karen Green, Assistant Development Director at A2Dominion New Homes, said: “The acquisition of this Camberwell Road scheme supports our development strategy to build 900 new homes this year, including a significant proportion of private rented homes at our schemes across London and the South East.
“It also represents our second development in the London Borough of Southwark, where we have recently been confirmed as a preferred local authority partner.
“With contractor PLCM (UK) Ltd starting work on site this month, the scheme will be due for completion in summer 2016.”
Camberwell Road is one of a number of recently-acquired sites, and A2Dominion New Homes is seeking further strategic land opportunities in prime sites across London and the South East.
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Notes to Editors
A2Dominion New Homes, part of the A2Dominion Group, is a market leading housebuilder and regeneration specialist, developing high quality new homes in premium locations across London and southern England. We offer a wide range of options and all our homes are designed and built with quality in mind, creating sustainable homes which meet the needs of 21st century living. Visit www.a2dominion.co.uk/newhomes for more information.