Catalyst and Redrow Homes partner for Hounslow mixed-use scheme
Catalyst and Redrow Homes have entered into a partnership agreement in order to deliver a circa 450 home mixed-use scheme in the London Borough of Hounslow. The partnership intend to deliver a mix of one, two and three bedroom apartments and include a high percentage of affordable housing, available as shared ownership and affordable rent.
The site is located on Capital Interchange Way in Brentford, Hounslow and is a five minute walk from Kew Bridge station. Alongside the new homes, the proposals also include commercial office and retail space. The borough of Hounslow is a gateway to the UK and has one of London’s strongest performing economies. Brentford, located on the Golden Mile, is currently undergoing a transformation with a number of huge regeneration projects underway.
The new partnership is a 50:50 contractual agreement between Redrow Homes and ‘Catalyst by Design’, a subsidiary of Catalyst. Together, the pair will take the proposals through planning, development and delivery, with Redrow managing the construction of the scheme.
Keith Parrett, Regional Chief Executive for Redrow London, commented: “Redrow is very pleased to be working in partnership with Catalyst on this exciting proposed project in Brentford. Brentford is currently receiving significant inward investment with the construction of the new football stadium recently commencing and the plans underway for the Great West Corridor. We look forward with our partners, to contributing hundreds of new homes, offices and other amenities in the coming years.”
Rod Cahill, Chief Executive of Catalyst, said: “By working in partnership with Redrow homes, we can deliver even more affordable homes for Hounslow and for London. We can’t wait to get started on this scheme and look forward to welcoming our first residents.”
More information about the scheme will be revealed at a public consultation event in September, where the local community will be invited to shape the proposals.
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For more information about Catalyst, please contact:
Calum McConnachie – External Affairs Officer
020 8832 3139 | 07779 288 489
For more information about Redrow, please contact
Instinctif Partners | +44 20 7457 2020 | email@example.com
Notes to the Editor:
About the Partnership
Redrow Homes Ltd and Catalyst By Design (a subsidiary of Catalyst Housing Ltd) has formed a contractual partnership to share all costs and revenues on 50:50 basis in relation to development of a site in Brentford, Hounslow.
About Redrow Homes
Redrow was established in 1974. Today, it is one of the most successful and acclaimed property developers in the UK, building over 5,400 premium quality family homes a year in prime locations across England and Wales. Over Redrow’s history spanning more than 40 years, it has earned a unique reputation for quality and building beautiful homes, which people love to live in. To help achieve this it also focusses on two other key areas: valuing people and creating outstanding locations. Implementing its strategy whilst engaging with colleagues and stakeholders helps Redrow deliver significant value to investors and the wider community. Redrow is listed on the London Stock Exchange and is a constituent of the FTSE 250 index. For the year ended 30th June 2017, the Group reported record revenues of £1.65 billion. Redrow has been awarded the ‘Best Large Housebuilder’ title twice in the last three years at the What House? Awards. This year, Redrow was named as a UK Top 100 Apprenticeship Employer for the fifth consecutive year. Visit redrow.co.uk for more details.
Catalyst is one of the leading housing associations in London and the South East, managing over 21,000 rented and shared-ownership homes.
We are experts in placemaking and developing tenure-blind neighbourhoods, with a strategy in place that will see us build 1,000 homes a year by 2020. Our approach to creative design, effective urban planning and high quality development is underpinned by our long-term interest in our neighbourhoods. By adopting a stewardship role, we ensure that the places we help to create are well maintained, look great and remain desirable places to live. A prime example of Catalyst’s work is our flagship regeneration project in North Kensington, Portobello Square.