A2Dominion buys central London site for £80 million homes scheme

An £80 million scheme to build more than 300 new homes on a canal-side site in central London has been announced by the A2Dominion Group.

The award-winning housing provider has bought the two acre site in Wharf Road, on the borders of sought-after Hackney and Islington.

The development will stand alongside the impressive tree-lined Wenlock canal basin, off the Regents Canal, and support regeneration in the area.

The site comes with planning permission to build 327 one, two, three and four-bedrooms apartments. There will be 232 homes for private sale and 95 affordable properties, complete with 85,000 sq ft of commercial space.

Demolition of the commercial buildings currently on the site is due to start in 2012, with construction of the new homes likely to complete in 2013.

Alan Johnson, Managing Director (London) of A2Dominion New Homes, said: “We are delighted to have acquired this prime site from Deutsche Bank. This is an exciting project that will help to meet demands for high quality housing and commercial space in this part of London.

“The area is becoming increasingly popular with house-hunters and our site is close to excellent transport links.”

The site, in the London Borough of Hackney, is about ten minutes walk from both Old Street and Angel tube stations, which are in Zone One. The Barbican is about 15 minutes walk away. Hoxton and Shoreditch are also nearby.

Designed by Stephen Marshall Architects, the scheme will feature roof top gardens, balconies to most of the apartments, some car parking spaces and secure bicycle storage.

The new homes will also be built to meet Level 4 of the Code for Sustainable Homes.