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14/02/2018

Khan gives green light to factory-built scheme

Words: Laura Edgar
Off-site housing construction / Shutterstock_509242891

The Mayor of London has approved plans for a 21-storey residential building in Croydon that will be constructed off-site in a factory.

The building is set to be the tallest of its kind, according to a statement from Khan.

The development is planned for Addiscombe Grove in Croydon, and comprises 153 units, 70 per cent of which have been secured as affordable for first-time buyers to buy at a discount below the market price.

Developer Pocket Living has agreed in principle to make the remaining homes available for shared ownership.

In 2017, Pocket agreed a deal with Khan for £25 million of City Hall funding to support 1,059 new Pocket homes. A third of these are expected to be built in a factory.

The homes are set to remain affordable for the lifetime of the Croydon building, with Pocket marketing and selling to residents and workers in the borough. All units would meet the space standards in the draft London Plan.

Khan said off-site construction is an “innovative way to speed up building the affordable homes our city needs”.

“I invested in Pocket Living to help them build genuinely affordable homes that are sold to local people first.”

Marc Vlessing, CEO of Pocket Living, said: “At Pocket, we always aspire to lead the way. Addiscombe Grove is a great example of this, where we are aiming to use modular construction to deliver homes faster and increase the genuinely affordable housing provided from 73 per cent to 100 per cent.”

Image credit | Shutterstock

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