One Housing ambitious plan to buy up to 200 sustainable and affordable homes in Greenwich
11 Aug 2021
Today One Housing completed the purchase of 60 homes, as part of its plans to buy a total of up to 200 new homes, within the Greenwich Millennium Village – a major sustainable development on the Greenwich Peninsula, which is a stone’s throw away from Canary Wharf and the world famous O2.
Once completed, all homes purchased by One Housing on the development will be available either via the Shared Ownership scheme for first-time buyers or be allocated to those on the local housing waiting list.
The village – a mix residential, office and retail spaces developed by a consortium of Countryside Properties and Taylor Wimpey – boasts a range of green spaces and a yacht club. A unique feature at the heart of the development is the four-acre freshwater ecology park, a haven for wildlife and an amazing place to unwind after a busy day.
‘Block 201’, which comprises the latest set of homes purchased by One Housing in this phase, will act as a landmark feature at the village, standing at 20 storeys high with biodiversity roofing installed across three floors.
Mike Johnson, Group Director of Development, One Housing said: “This is an exciting milestone in a project that will transform the local area and the lives of local inhabitants by providing affordable homes of the highest quality and with unrivalled sustainability credentials. We are passionate about providing affordable housing solutions to communities and TLT’s stand out expertise in this space has played a vital role in helping to drive our mission.”
UK law firm TLT is advising One Housing on the deal. Shazia Bashir, who leads the legal team at TLT, said: “It’s such a pleasure to be a part of a project that will not only have a meaningful impact for local people and their communities, but has a strong sustainability element at its core, which reflects TLT’s values and commitment to supporting ESG initiatives.
“Projects such as this represent the future of housing, so it’s crucial for them to become a success. Once constructed, we have no doubt that the power of sustainable place-making will be clear to see, especially because the ultimate beneficiaries – those that will live, work and socialise here – have been at the heart of decision-making from the outset.”