Fermoy Road, London, W9
The development comprises 32 Pocket apartments within a sustainable new building. A major issue was ensuring the affordability of the homes, despite the absence of public subsidy. Uniquely for Westminster, the scheme provides 100% intermediate affordable homes for sale. Close negotiation with the City's Housing and Planning teams concluded with a complex s106 agreement that ensures affordability in perpetuity (considered a "first" for a market scheme) and establishes Land Securities' financial "subsidy" (enabling the scheme to commence) as a “financial credit" to be drawn from in future.
Borough: Westminster
Client: Land Securities / Pocket
Architect: Darling Associates