Located in phases 6 and 6b, the one- and two-bedroom apartments all benefit from balconies and will be utilised for shared ownership, intermediate rent, and affordable rent.
Poly UK — a subsidiary of international developer Poly Development and Holding Group — said that Plaza Collection, which has a total GDV of £380m, marks its entrance into the UK market.
It forms a key part of the wider Millbrook Park transformation — a new 2,000-plus home development on the site of the former Inglis Barracks.
- Webinar: New permitted development rights - a green light to build, build, build? Pt 1
- Webinar: New permitted development rights - a green light to build, build, build? Pt 2
- Poly UK selects Bennett Construction for £380m Millbrook Park transformation
In total, Poly UK’s portion of the site will create over 700 homes, a new landscaped plaza and 1,400² of associated commercial and retail space over four different phases.
“This deal will help bring diverse housing to this landmark transformation project, with a trusted operator that has a proven track record in managing affordable housing at scale,” said Terence Luo, director at Poly UK.
“Plaza Collection is creating a new community for Mill Hill East, with homes, commercial space and extensive public realm that will help form a gateway to the wider Millbrook Park.
“Construction is progressing well and we look forward to the first new residents making this home.”
John Hughes, group development director at Notting Hill Genesis, welcomed the deal: “This is a fantastic development in a great location and we are pleased to be working alongside Poly UK in delivering more genuinely affordable housing in the borough.”
First completions are expected in summer 2021.