Investors are being offered an opportunity to play their own small part in solving London’s worsening crisis by investing in a new scheme designed to boost the supply of new homes in the capital.
Regenerate London plc has launched an investment initiative looking to take advantage of the acute housing shortage in London by raising capital to build new much needed properties in the city.
Housebuilders are developing nowhere near the volume of new homes urgently required to meet growing demand from prospective buyers and renters and that is why Regenerate London plc is now looking to work closely with borough councils to help resolve the situation by purchasing both greenfield and brownfield sites and making unutilised or under-utilised land ‘development-ready’, with fully optimised planning permissions for sustainable and regenerative high density, mixed-use developments.
The land will then be sold to developers, or where the planning permission demands it and/or where it makes good business sense, the company may seek a development partner.
Regenerate London plc has already secured a pipeline of potential deals within the Crossrail footprint, target schemes including vacant sites or existing sites with some commercial element such as leisure facilities, municipal buildings, pubs, former pubs, petrol filling stations, tertiary and secondary retail parades.
Regenerate London plc’s chairman, John Wheeler, said: “We will be focusing on development opportunities which help to address the chronic housing shortage in London, and are fully committed to the creation of a legacy for future generations.
“We want to deliver real benefits to the communities involved, and that makes Regenerate London plc one of the most exciting companies I have been involved in since founding Regus, some 30 years ago.”