Practical completion has been reached by Landsec at their new affordable homes site, situated in Soho, which will provide much-needed intermediate housing for local community workers.
Dolphin Living, described as one of the UK’s most innovative and forward-thinking providers of intermediate affordable housing, will now take control of the site having purchased the long leasehold last year.
David Heaford, managing director of development at Landsec, said: “Through our development pipeline, we’re focused on creating inclusive spaces that make a positive contribution to the communities they serve. Thanks to our partnership with Dolphin Living, we’re able to bring much needed affordable housing to the Westminster area as part of our Lucent development. This is the second affordable housing scheme we’ve created in the borough, both of which add significant value to the local community and the capital’s long-term success.”
Olivia Harris, chief executive of Dolphin Living, also commented: “Partnering with Landsec has allowed us to create much-needed intermediate rental housing in the central London district of Soho, which is in short supply. There is significant demand for intermediate housing to rent and delivering inclusive and affordable spaces is crucial to attracting and retaining workers in high residential value areas.”
A new addition in Wardour Street
Almost equidistant between Oxford Circus and Tottenham Court Road underground stations, the site is located at 118-122 Wardour Street in the City of Westminster.
Landsec has completed a high-quality refurbishment of the existing property to provide eight one-bedroom homes for intermediate rent, thus contributing to Westminster’s affordable housing needs.
The buildings were purchased in June 2018 by Landsec to fulfil its obligations to provide affordable housing for its office-led development, Lucent.
In its final phase, Lucent is a new office and retail destination located behind the iconic Piccadilly Lights, which is being renovated and will ultimately create 140,000 square feet of prime office and retail space across seven floors.
The building will also feature 20 outdoor balconies and terraces along with a new rooftop restaurant, once complete.
