HG Construction has been selected by developer Avanton as the main contractor on a £160 million residential scheme on the Old Kent Road, London.
The 262-unit development named ‘THE BeCa’, with HG Construction securing a £68 million contract for the project, which is the first major residential project in the regeneration of the Old Kent Road area.
Construction is set to begin immediately at the former Carpetright warehouse site.
The development has been designed by architects Farrells and will feature two towers reaching 10 and 19 storeys high.
‘THE BeCa’ will comprise 170 New York-styled one and two-bedroom apartments for private sale, plus 40 per cent affordable housing.
amenities include:
- Concierge
- Fitness suite
- Flexible co-working spaces
- Games room
- Cycle storage
- Three communal roof terraces
- More than 10,000 ft of retail space
The development is expected to finish in winter 2026, with a sales suite opening in October this year.
HG Construction recently posted record turnover, despite suffering profit loss, in its latest financial results, with revenue for the year ended 31 December 2023 increased 26 per cent to £424 million.
HG Construction CEO Adam Quinn said: “We have been involved in a number of schemes in the Old Kent Road area over the past few years and it is wonderful to see the regeneration progress at pace with major new schemes completing and more on the way.
“This new high quality mixed-use residential development will significantly boost the housing offering in the area and provide an excellent amenity and retail offering for residents.
“We are committed to working collaboratively with Avanton, our suppliers and the local community and look forward to developing solid new relationships and positive community links as the scheme progresses.”
Chris Cobham, development director at Avanton, said: “’THE BeCa’ is not only a significant step forward in our Ruby Triangle masterplan, but it also demonstrates our commitment to Southwark’s masterplan on the Old Kent Road.
“By delivering high-quality homes, alongside vibrant amenities and BREEAM Excellent rated retail spaces, we are creating a truly sustainable community that will benefit the local area for years to come.”
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