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Legacy Corporation appoints Taylor Wimpey and L&Q to build first neighbourhood

2 Aug 2012

The London Legacy Development Corporation (LLDC) has today appointed Taylor Wimpey and L&Q to build the first of five new neighbourhoods on Queen Elizabeth Olympic Park.

Chobham Manor will see a return to London’s traditional family neighbourhoods of terraced and mews houses, set within tree-lined avenues and supported by a new health centre, nurseries and community spaces.

Sitting between the Athletes’ Village and the Lee Valley VeloPark (currently where the Basketball Arena is), Chobham Manor will help to address the local need for larger homes, with more than 75% of the 870 homes offering family housing (3 bedroom plus). It will reuse infrastructure built for London 2012 Games such as the heating and telecoms networks, and fibre optic broadband.

The appointment is the second major housing milestone in as many months for Queen Elizabeth Olympic Park. Last month the Legacy Corporation also secured outline planning approval to build 6,800 homes across five new neighbourhoods including Chobham Manor. They will be developed over the next 20 years.

Today’s appointment means that construction work on Chobham Manor can begin in October once the Legacy Corporation takes operational control of the Park. It aims to have first homes ready by the end of 2014.

Daniel Moylan, Chairman of the London Legacy Development Corporation, said:

“We are delighted to have appointed Taylor Wimpey and L&Q as developers to build Chobham Manor. The calibre of bidders was very high and testament to the commercial pull of Queen Elizabeth Olympic Park.

“Chobham Manor will set the tone for the high quality neighbourhoods we want to create across the Park with new schools, health centres and community spaces to support them.”

The Mayor of London, Boris Johnson said:

“With the incredible energy of London 2012 captivating audiences across the world, the long-term legacy of the Olympic Park is quietly going from strength to strength. The development of Chobham Manor is major milestone and will help ensure a thriving community on the Park becomes a reality sooner rather than later.”

Andrew Altman, Chief Executive of the London Legacy Development Corporation, said:

“We are seeing the delivery of the Park’s legacy at an unprecedented level of quality and speed. Having secured outline planning approval, we now have the developer in place to create the first of five neighbourhoods. These are significant milestones and examples of how London is further ahead in planning legacy than any previous Host Olympic City.”

Pete Redfern, Group Chief Executive of Taylor Wimpey plc, said:

“Chobham Manor will see us work with LLDC and L&Q to create a brand new community, providing east London with much needed family homes, facilities and supporting infrastructure. Built to the highest quality with exemplar design, the development is a high profile opportunity to provide new homes for Londoners and meeting the needs of local people both now and into the future will be key.

“Engaging with them to create a truly sustainable community is at the heart of our approach and we will work closely with all stakeholders to ensure that we deliver a development of which we and Queen Elizabeth Olympic Park’s residents can all be proud.”

David Montague, Chief Executive of L&Q, said:

“We are absolutely delighted to be selected alongside our development partners Taylor Wimpey as preferred developer for the Chobham Manor site.

“This is a unique opportunity to create new high quality homes in a family-orientated community in the Olympic Park, over 75 per cent with three or more bedrooms. Our plans for Chobham Manor will help to ensure that there is a strong legacy of quality housing for Stratford following the Games, which will include affordable homes available to local families to rent or buy. L&Q look forward to working closely with our partners the London Legacy Development Corporation and the Greater London Authority, to deliver these new homes.”

The Legacy Corporation’s housing strategy has taken into consideration the number of high-density developments already being planned for the surrounding area. It also responds to the views of local people who have put the need for family housing, quality open spaces and supporting amenities among their top priorities.

Chobham Manor will sit adjacent to the Athletes’ Village which will be converted into 2,800 flats after the 2012 Games.

Twenty eight percent of the homes will be affordable housing with local people targeted through local authorities and housing associations. A Community Land Trust could be part of the affordable housing offer giving a non-profit community-based organisation the opportunity to provide permanently affordable homes for long-term community benefit.

Families in the new homes and surrounding communities will be supported by a walk-in health centre, two nurseries, two multi-purpose community spaces, neighbourhood shops and the nearby Chobham Academy School.

In total, the Legacy Corporation is aiming for 35 per cent affordable housing across the Park – in line with the Mayor’s London Plan.

Chobham Manor will be within walking distance of Stratford International Station and Stratford Regional Station which offer ten lines to a third of London’s rail and underground stations.

-Ends-

Notes for editors

Four new CGI images of Queen Elizabeth Olympic Park and Chobham Manor are available. One is a bird’s eye view of the neighbourhood with the Olympic Village behind it:

 http://tinyurl.com/6cq2fw2

The others are street level cgi’s of how the neighbourhood could look:

http://tinyurl.com/62hu5ob 

http://tinyurl.com/5vc7xgo

 http://tinyurl.com/6axcuod

Community Land Trusts – A CLT is a non-profit, community-based organisation run by volunteers that develops housing or other assets at permanently affordable levels for long-term community benefit. It does this by separating the value of the building from the land that it stands on and, in the case of shared-equity homes, fixing the resale percentage, thereby enabling occupiers to pay for the use of buildings and services at prices they can afford.

The value of land, subsidies, planning gain and other equity benefits are permanently locked in by the CLT who holds the asset in trust for long-term community benefit.

The London Legacy Development Corporation

The LLDC promotes and delivers physical, social, economic and environmental regeneration in the future Queen Elizabeth Olympic Park and surrounding area, in particular by maximising the legacy of the Olympic and Paralympic Games.

It will secure high-quality sustainable development and investment and ensure the long-term success of the facilities and assets within its direct control and supporting and promoting the aim of convergence.

It takes over responsibility for the Park from the Olympic Park Legacy Company, and additional powers including planning powers from October 2012 from the Olympic Delivery Authority Planning Decision Team and London Thames Gateway Development Corporation. For more information visit: www.londonlegacy.co.uk/about-us

For further information contact the London Legacy Development Corporation Media Team on +44 (0) 203 288 1777 or email pressoffice@legacycompany.co.uk

 

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