The Gatefold Building, which will enable be:here to create 132 homes for renters alongside office space, a new café and community amenities, is close to what will become one of West London's busiest Crossrail stations. Construction work at the site will begin in 2014.
The deal is the second in six months for the company created by Willmott Dixon to deliver and operate homes for the private rented sector on a national scale. In June be:here announced its development of 233 homes at East India as part of the Aberfeldy Village regeneration, where the first be:here homes will be available in early 2015.
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The Gatefold Building is part of be:here's strategic goal of acquiring sites across London and at central locations in Manchester, Birmingham, Bristol and Leeds that are each capable of accommodating developments of 100–400 apartments.
Matthew Pullen, be:here's managing director, said: "I'm delighted we've reached agreement with Development Securities PLC and Cathedral Group PLC for The Gatefold Building and to support the start of the wider Old Vinyl Factory redevelopment; it's a crucial next step in a process where be:here will create homes for private rent on an ambitious scale, working with institutional investors that recognise the sector's enormous potential to provide long-term revenue to their portfolios and the benefits of our platform as a means of achieving that."
(CD)
