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Affordable housing delivery in Battersea delayed by developers

by Paul Addison on May 11, 2017 No comments

On the landmark scheme, the developer in charge of London’s Battersea Power Station (BPS) has bene forced to delay some affordable homes on the scheme, due to an increase in construction and labour expenses.

“Wider economic changes” is what Battersea Power Station Development Corporation have said caused the delays.

103 affordable homes are to be relocated to a later phase of the development when an additional 147 homes are anticipated to be developed under a deed of variation to the section 106 agreement submitted to the London Borough of Wandsworth.

Roughly a sixth of the total affordable homes in the project will be made up of the 103 homes.

386 affordable homes will be brought forward into the project’s next phase with the aim of balancing this out.

“The proposed modifications will reflect the specific circumstances of the site, reducing restraint and encouraging the continued development of the BPS,” said the planning document for the amendment.

“However, as a result of its uniqueness, the project faces a number of challenges which include both site-specific and wider economic changes which are placing increasing pressure on its continued successful delivery. As a result, the delivery priorities for the project have been reconsidered.”

For more information, call us on 01342 890010 or email info@dev-assist.co.uk

 

 

Paul AddisonAffordable housing delivery in Battersea delayed by developers

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