We are delighted to have been appointed by Barking & Dagenham Reside Regeneration LLP (Reside) as sole agent for 140 shared ownership units across four developments in the London Borough of Barking & Dagenham.
This is the first instruction of shared ownership properties for Reside, a company set up by Barking & Dagenham Council to provide good quality affordable housing for local people. To date it has delivered 690 units for affordable rent within the borough, and has a further 700+ either under construction or in the pipeline. Its remit is being extended to shared ownership homes in order to improve housing choices across the borough.
The 140 homes, which are a mix of one, two and three bedroom units, will be delivered in 2018-19 and available for shared ownership purchase by local people who either live or work in the borough, have a family or work connection with the area, or who are in a priority group as identified by the GLA. Purchasers will also need to meet the Help to Buy: Share Ownership programme and scheme-specific financial criteria.
Martin Fillery, Currell Director and Head of Shared Ownership said:
‘It is fantastic for Currell to have won the first major instruction for shared ownership homes from Reside. Barking and Dagenham is a key growth area for us, and we are looking forward to our office opening next year. The borough is also a key growth area for London, with more than 50,000 new homes and 10,000 new jobs planned for the next 20 years’.