Bouygues UK will be building a new 148-home scheme in south east London. The project will be located on the site of the former Zenith Carburetter factory at Creekside in Deptford, Lewisham.
Faircharm will see homes delivered across four new buildings, including a 13 storey tower. More than 4500 sq m of commercial space will also be made available at ground floor level, through refurbishment.
The £43.6m scheme is Bouygues UK’s second major housing scheme with L&Q in Lewisham; the two are collaborating on the 400-home mixed-use scheme at nearby Thurston Point, where handover has already begun; weeks ahead of schedule.
Jerome Geoghegan, Group Director of Development and Sales at L&Q said: “We are pleased to be able to collaborate once again with Bouygues UK on the exciting new development at Faircharm. L&Q are one of the leading residential developers in London and the South East, building high quality homes for people across a range of incomes. We have ambitious plans develop a pipeline of a further 50,000 new homes within a decade and partnership is at the core of our approach – working together to deliver communities that make the capital an even better place to live”.
Speaking of the business’s success at securing repeated work with major housing associations and developers, a Bouygues UK spokesperson, said: “L&Q is one of the largest housing associations in the country and the Faircharm project forms part of their plans to deliver 5,000 new homes per year – bringing more homes to the market for people living in London.
“We have a long history with L&Q, which began through Denne and our work together on smaller housing developments and has continued as Bouygues UK. Having the weight of the entire Bouygues UK group, and all of the expertise that brings with it, is key to us having the ability and capacity to deliver much bigger schemes than we had been known for in the region. Through our strong and collaborative working relationship, we’re happy to be supporting L&Q’s ambitions for further growth.
“Add this project to our work on Havelock Estate in Ealing; the Gascoigne East Masterplan in Barking and Dagenham; Hallsville Quarter in Newham and Paddington Exchange in Westminster and we have a considerable portfolio of major housing and regeneration projects in London. We’re delivering homes for people right across the capital – and with a number of projects in the pipeline, we expect this to grow even more during the course of 2016.”
A 13 week demolition programme is already underway on the Faircharm site. The project will be handed over in four phases, with the first handover pencilled in for April 2017. The overall development is expected to take just under two years to deliver.