Aitch Group has been given the green light for a £330m investment in Belvedere park by a London council, to build 1,250 homes in Bexley.
The east-London based property group will turn the industrial land into a series of apartment blocks with a hectare of green space.
It’s good news for London’s property sector, which has a chronic under-supply of houses – the number of new houses completed in 2024 has, somehow, fallen by 20 per cent year on year.
England’s house building pipeline is at the lowest level since records began 17 years ago.
“We are delighted to have secured outline planning consent for the New Belvedere project, which underscores our commitment to delivering transformative developments that resonate with the needs and aspirations of local communities.
This project represents a significant opportunity to revitalise the area, providing much-needed housing, community facilities, and economic stimulus,” Laurence Quail, Managing Director at Aitch Group said.
