Network Homes has exchanged contracts with Joseph Homes to deliver 134 much needed affordable properties at The Old Vinyl Factory in Hayes.
Network’s development will include 57 properties for London Affordable Rent, 58 for Shared Ownership and 19 for London Living Rent.
David Gooch, Network Homes Executive Director of Development, said: “We’re really excited to be helping to give a new lease of life to this site with its amazing musical and cultural history. New homes are needed in this area and the project will help us deliver our aim of starting at least 1,000 affordable homes by March 2023.”
Residents will benefit from green communal spaces and roof terraces spread across three separate buildings with commercial space on the ground floor. The new homes will also be well connected being just a seven-minute walk to Hayes and Harlington Elizabeth line station.
Paul Dipino, Chief Innovation Officer at Joseph Homes, commented: “We’re delighted to be able to work with Network Homes to deliver much needed affordable housing in such an important part of London. Whilst we know that there is an ongoing need for affordable homes, there is more importantly a need for quality homes. One Vinyl Square was designed with our LIVE WELL principles at the heart, and we’re pleased to have been able to contribute to the initial stages with the high-quality design of the scheme.”
The scheme will be part of a wider redevelopment by regeneration specialist U+I, which is converting the 17 acre site, former record company EMI’s pressing plant, into a residential, employment and leisure hub. It will contain a total of 642 homes, educational hubs, restaurants, shops, gym, cinema and a live music venue.