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BTR development scheme acquired in North London

Grainger has announced it has acquired a 65-home build-to-rent scheme, within phase two of the Hale Wharf Estate in North London.

Grainger has agreed a forward acquisition of the scheme from Waterside Places, a joint venture between the Canal and River Trust and Muse. McLaren Construction is the main contractor for the scheme.

Helen Gordon, Chief Executive Officer of Grainger, said: "We are delighted to secure our second scheme at Hale Wharf, an excellent North London location which appeals to renters looking for a range of amenities and access to nature on their doorstep, whilst also benefitting from excellent transport links across the Capital.”

In addition to the 65 high-quality PRS homes, the scheme includes c.1,900 sq ft of commercial space set across the two blocks. Hale Wharf will continue to be delivered by Waterside Places, working in partnership with the London Borough of Haringey, the Mayor of London, and contractor McLaren.

Mike Auger, Regional Managing Director - South, Muse, said: “We have worked successfully with Grainger to deliver them a high-quality building in the first phase of Hale Wharf. It’s fantastic that they continue to see the opportunity at Tottenham Hale, to support genuine place-making and regeneration in an underutilised waterside location.

“With Phase 1 now complete, and new pedestrian connections delivered, the benefits of regeneration are becoming obvious. Critically, this also includes council homes which meets the needs of the community and the objectives of the London Borough of Haringey and the Mayor of London.”

The wider Hale Wharf Estate will deliver 505 new homes, including 38% affordable housing which is being delivered in Phase 2, alongside the homes being acquired by Grainger. The 191 council homes will be owned and managed by the London Borough of Haringey.

Construction of the development commenced in March 2022, with practical completion targeted for August 2024.

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