Affinity Sutton steps up land acquisition in prime London locations

Evidence of leading affordable housing provider Affinity Sutton’s focus on delivering premium private development schemes is demonstrated by its successful acquisition of yet another prime London site. By building high-end homes for outright sale, Affinity Sutton is expediting and expanding the delivery of its affordable housing.

90-92 Blackfriars Road in Southwark is currently the site of a four storey office, warehouse buildings and car parking; the new mixed-use, boutique-style development will comprise 643 sq metres of A1 retail space, 670 sq metres of B1 office space and a residential element of 53 homes in interconnecting buildings rising from five to eight storeys. Demand for the one, two and three bedroom apartments and duplexes in this increasingly up and coming area is expected to be high amongst young professionals and UK based investors. There will also be an opportunity to buy through shared ownership and homes for rent will also be provided. Work is expected to start in Spring 2014.

Comments Kerry Kyriacou, group development and new business director at Affinity Sutton: “We are keen to create developments where we can really add value, where people want to live and which offer excellent transport communications. This new site in Blackfriars Road delivers on all counts. As a business, we can now clearly demonstrate our ability to acquire land and deliver exceptionally high quality homes that meet the diverse needs of London’s population. The more homes we build for outright sale, the more profit we can put back into our business of providing homes for those in most housing need; from homes for social rent through to shared ownership.”

Affinity Sutton already has a programme of building new homes in other prime London locations. Work is well underway at The Lexington, London NW11, a luxury development of 60 apartments and mews houses near Hampstead due to launch in January 2014, while in the popular and established residential area of Farm Lane in Fulham, Affinity Sutton and its joint venture partner Mount Anvil are building 107 spacious new homes in a gated development. It is also developing 307 homes at City Road with the same partner.

For more information, visit affinitysutton.com.