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Hyde Group and Hill JV to build 287 homes

Hyde Housing Group and Hill have launched a joint venture to build the £150m final phase of a housing development in London.

Housing association Hyde Group and housebuilder Hill will build 287 homes in the final phase of the £225m Stonebridge Estate regeneration in Brent.

A mixture of private and affordable maisonettes, apartments and wheelchair-accessible properties will be built on the brownfield site.

Planning permission was given to the first phase earlier this year and phases two and three were given the green light this month.

Hill chief executive Andy Hill said: “I’m confident that this is the start of a very successful partnership and that together we will deliver the multitude of new homes desperately needed across a number of other London boroughs.”

This follows Hyde Group’s decision to pull out of a merger with L&Q, which marked the end of a proposed £30bn three-way merger with East Thames in August.

The merger was expected to save £50m a year within five years but Hyde Group announced that plans would not be going ahead due to “practical issues that cannot be overcome without disproportionate effort”.

It is understood the decision to end the merger was mutual.

Meanwhile, South Ayrshire council has announced plans to build 580 homes in the next five years. 

Private partners and housing associations will work with the council to deliver affordable homes.

Ayr, Prestwick and Troon have been identified as priority areas and Preswick has the highest demand for affordable housing in the area.

Over £13m has been allocated to delivering more homes in the area by 2020.

Neighbouring East Ayrshire council announced last week that it would be pumping £131m into building and improving new homes in the area.

Around £63m will be invested into building 600 homes over the next five years and £68m will go towards improving existing homes.

Social housing, housing based on a needs assessment and housing suitable for those with disabilities will be built and improved.

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