Grainger acquire second phase of Hale Wharf regeneration
23.11.23 3 min read
Waterside Places, our partnership with the Canal and River Trust, has agreed an acquisition deal with Grainger, the UK’s largest professional landlord, at Hale Wharf.
Grainger will acquire an additional 65 build-to-rent homes as part of Phase 2 of our Hale Wharf community in Tottenham Hale, North London.
The professional landlord has already funded the delivery of Phase 1, acquiring 108 build-to-rent homes in 2018. The first phase of the project is now complete.
Across all phases, Hale Wharf will deliver 505 new homes, including 38% council housing. Tottenham Hale is one of the Mayor of London’s priority Housing Zones. The council homes will be owned and managed by the London Borough of Haringey.
Hale Wharf will continue to be delivered by Waterside Places, working in partnership with the London Borough of Haringey, the Mayor of London, and contractor McLaren. Phase 2 is expected to complete in summer 2024.
Hale Wharf is transforming an underutilised urban waterside area. Three new bridges have already been delivered, one improving pedestrian connectivity to Tottenham Hale station and another linking the scheme to ‘The Paddock’ nature reserve, which will open shortly.
Mike Auger, Managing Director – South, Muse, said:
“With Phase 1 now complete, and new pedestrian connections delivered, the benefits of regeneration are becoming obvious. Critically, this also includes affordable housing which meets the needs of the community and the objectives of the London Borough of Haringey and the Mayor of London.”
Helen Gordon, Chief Executive Officer of Grainger, said:
“We are delighted to secure our second scheme at Hale Wharf, an excellent North London location which appeals to renters looking for a range of amenities and access to nature on their doorstep, whilst also benefitting from excellent transport links across the Capital.
“In addition to strengthening our North London operational cluster, this acquisition also marks the second scheme we will deliver in partnership with Waterside Places, which is a great testament to the success and positive collaboration we have enjoyed with Windlass Apartments”.
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