London developer Henley Homes has completed on the sale of Brent House, the former Brent Town Hall offices in Wembley, to Genesis Housing Association.
The £76 million sale includes the 3 year build of a new mixed-use development, which will be delivered by the construction arm of Henley Homes, Reis Construct.
Located on Wembley High Road, the 1.9 acre site was acquired by Henley Homes in late 2014, following the relocation of the London Borough of Brent council offices. Planning was subsequently obtained for 248 residential apartments, c. 30 per cent of which will be affordable, alongside a 6,114 sq.ft of retail space plus public realm. Part of the wider regeneration of the area, the existing 1960s office building is due to be demolished and replaced by two 7-10 storey brickwork clad blocks, designed by Davy Smith Architects. Works are scheduled to commence in 2017.
Adil Rashid, Land Director at Henley Homes, said:
“Brent House will be our first delivery entirely for a housing association, giving us the opportunity to create a unique development, combining Henley’s exacting design and construction standards with the high quality specification of Genesis Housing Association. Together, we will create a landmark development targeted towards the specific housing needs of the area.”
Jeremy Stibbe, Executive Director, Assets and Investments at Genesis Housing Association, said:
“We’re delighted that works for this exciting project will soon be getting underway and look forward to working closely with Henley Homes as the plans take shape. The new properties built at Brent House will play a key role in helping Genesis deliver on our ambitions to invest in 1,000 homes a year. Genesis is the largest housing association landlord in Brent so we will be channelling this experience into creating a vibrant new mixed tenure community delivering affordability and opportunity for customers at the heart of the borough.”