The joint venture partnership will also be making an initial investment of £1million in placemaking and social value initiatives.
The regeneration scheme will deliver at least 2,482 high-quality homes across 17 sites, of which 53% will be for affordable tenures. These will comprise family homes and one and two-bedroom apartments. There will also be a community centre, a market square, two parks, commercial and retail space and a district heating system.
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The homes will have green and solar roofs and residents will benefit from extensive cycle parking, electric vehicle charging points and public realm enhancements. Keeping the community at the heart of redevelopment, the joint venture partnership will also be making an initial investment of £1million in placemaking and community development initiatives.
Since the transfer of Clapham Park from the London Borough of Lambeth, MTVH has completed over 1,500 new homes and refurbishments. In 2019, planning permission was granted for the new masterplan to deliver over 2,500 further homes, extensive green space, infrastructure, community and commercial space. With the first 50 homes under that permission currently under construction (and completing in 2023), the Joint Venture will take forward the remainder.
On completion, Clapham Park, which spans 36 hectares and is nestled between three local centres, Clapham, Brixton and Streatham Hill, will have a total of over 4,000 homes. Works are expected to commence in Spring 2022 with first completions expected in 2024.
