Page 7 - Network Homes News Today

Vistry upgrades profit target after strong start to 2021 Vistry CEO Greg Fitzgerald Vistry’s profit and cash performance in 2021 should be “significantly ahead” of its previous estimates, after the company reported very strong demand across the first few months of the year. The Kingshill-based company, formed through a merger of Bovis Homes and parts of Galliford Try last year, said pre-tax profit should reach around £325m this year, up from the previous estimate of at least £310m, afte...

Prospect House in Stonebridge where families are being evicted from - Credit: Nathalie Raffray Homeless families facing eviction from a block in Stonebridge have highlighted the difficulty in finding somewhere to live because they receive benefits. Tenants at Prospect House, in the North Circular Road, all receive housing benefit for their studio, one-bed or two-bedroom flats even if they work full time. Three families out of the 15 facing eviction in May have been found alternative accommodat...

By Tom Lowe2021-04-12T06:00:00 Thumbs-up for second phase of £450m development by housing association and NHS trust PRP has been given the green light for nearly 1,000 homes on land next to Northwick Park Hospital in north west London. The scheme, for housing association Network Homes, is the second phase of a £450m, 1,600-home development which will also include student facilities, commercial space and a nursery across 19 buildings on the site. It will include 40% affordable homes. T...

By Tom Lowe2021-04-12T05:00:00+01:00 Housing association given thumbs-up for second phase of £450m development Housing association Network Homes has been given the green light for nearly 1,000 homes on land next to Northwick Park Hospital in north-west London. The PRP-designed scheme is the second phase of a £450m, 1,600 home development which will also include student facilities, commercial space and a nursery across 19 buildings on the site. It will include 40% affordable homes. The wider...

A derelict site is set to be transformed with new affordable homes as well as a commercial space that will create new jobs. Network Homes has exchanged contracts to build 100 affordable homes and regenerate a vacant site, which is a former supermarket, in Burnt Oak Broadway. The new homes will be a mixture of one, two- and three-bedroom apartments. Seventy-five apartments will be for Shared Ownership, which helps residents buy a home with a lower deposit, 19 for London Affordable Rent, ...

✓ Network Homes has said, however, that the total spend over the four years could vary considerably. The current state of the market, uncertainties in Network Homes’ own pipeline and the possibility of other social housing providers using the framework were cited as factors that could affect its spending. Network Homes aims to deliver 5,000 new homes over the next five years and has 18 projects currently on site, it said. When completed, the units will be added to the stock of 20,000 homes ...

Funding amassed through new developments in Brent will be used to support plans for a £10 million main access road at Northwick Park Hospital.

Adam Shaw, LDRS An artists impression of plans for development at Northwick Park. - Credit: Network Homes Proposals for a redevelopment project at Northwick Park Hospital that will provide hundreds of new homes were approved by Brent Council. Its planning committee unanimously approved the scheme, which will result in 654 flats, as well as a new nursery and retail space. The NHS site was sold to Network Homes in 2019, through a One Public Estate (OPE) project - a government programme that enc...

Artists impression: how the new estate will look at Dabbs Hill NEW homes are planned on unused land in Northolt. A total of 149, made up of 118 flats and 31 family homes, will be built by Network Homes at Dabbs Hill, close to Northolt High School. A total of 131 homes are designated for shared ownership and 18 for London Affordable Rent. The land has been unused for 15 years and the money raised will go towards a new building for the school. It is the firm’s latest investment in Eal...

Build, build, build: how can we overcome the barriers to affordable and social housing September 29, 2020 The aspirational and historic demand for home ownership has, in recent years, seen a significant reduction of social housing being built and eroded some of the existing supply. To address the shortage of social housing there is no ‘silver bullet. The solution will require a variety of incentives and initiatives in order to stimulate a rapid growth and the d...