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Landsec wins approval for 879 homes, with affordable tenures prioritised for key workers
Major property investor Landsec has received approval for 879 homes in Manchester, with key workers to be given priority for the affordable homes.
Major property investor Landsec has received approval for 879 homes in Manchester, with key workers to be given priority for the affordable homes #UKhousingThe Mayfield Partnership brings together Landsec, Manchester City Council and London and Continental Railways on the scheme at Mayfield Park in the city.
The plans include 20% affordable housing, which will be prioritised for key workers, with Landsec and Manchester City Council working together to secure grant funding.
Four residential blocks, designed jointly by architects Studio Egret West and Shedkm, will be linked in pairs, with a low-rise element and a taller tower. There will also be a new square and gardens.
These homes form phase one of the partnership’s proposal, which aims to provide 1,700 new homes across the Mayfield masterplan. The new homes will integrate with the green space in Mayfield Park, extending the park by 40%.
Across the buildings, there will be rooftop terraces, balconies, podium gardens, communal lounges and co-working spaces.
Henrietta Nowne, development director at Landsec, said the planning approval followed the start on site of two office buildings and a transport hub that will include the city’s largest cycle parking facility, with construction beginning next year.
“Bringing new homes to Manchester is not only vital to meeting the city’s growing housing needs, but also to ensuring that Mayfield continues to evolve as a place where people can live, work and thrive,” Ms Nowne said.
The Mayfield scheme is part of Landsec’s ambition to become a build-to-rent landlord with a £2bn portfolio of homes by 2030. Currently, its £10.9bn estate is two-thirds offices and one-third shopping centres.
Landsec’s other housing schemes include redevelopments of Lewisham shopping centre and the O2 Centre in Camden in London. Camden is likely to be finished first, with the first residents moving in by 2028.
Last year, Sir Sadiq Khan, the mayor of London, revealed plans for ‘rent control’ housing tenures for key workers.
He outlined the ways rent could be set on new homes to ensure affordability for key workers such as nurses, teachers and bus drivers. He promised to build 6,000 such rent-controlled homes as part of his successful bid for re-election in 2024.
Sir Sadiq’s intermediate tenure will be called key worker living rent (KWLR) homes. Rents and service charges will be capped and linked to the incomes of key workers when the homes are first let and “potentially” when they are re-let. In a consultation on the plans, City Hall said it would work with local authorities, housing associations and house builders to develop the 6,000 KWLR homes.
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