09. Joint Ventures

All Reports

Annual Review 2023/24

Joint Ventures

Our portfolio of joint ventures saw exceptional growth in 2023, a testament to our commitment to quality, continuity of leadership, and a flexible approach. As a partner of choice with deep experience and trusted for delivering distinctive, high-quality homes and thriving communities, we excel at working collaboratively on landmark projects.

Breaking ground at St Ann’s, North London, with Peabody.

Breaking ground at St Ann’s, North London, with Peabody.

Understanding the importance of fostering strong, lasting relationships with our partners, we ensure they have direct access to our decision-makers.

This fosters effective communication and builds strong long-term partnerships rather than short-term ventures. This commitment to reciprocity and repeat business underpins our strategy, forging connections that go beyond single projects.

Our experience in development and partnerships also positions us as the ideal partner for complex regeneration projects, which require careful management of large populations, particularly in respect of any decanting programmes.

With partners contributing assets or specific skillsets such as community engagement, social value creation, design, planning, development, and placemaking, we share the risk and reward as partners to successfully revitalise these areas and bring prosperity to communities.

Our established relationships with leading housing associations solidify our position as a regeneration leader. We are proud to be working on several landmark projects across the capital in partnerships with L&Q, Peabody, Notting Hill Genesis, and Poplar HARCA on the Teviot Estate regeneration.

Kew Bridge Rise, West London

Delivered in joint venture with leading housing association L&Q on the site of the former Citroën garage in Brentford, Kew Bridge Rise will provide over 441 high-quality, sustainable new homes for West London once complete.

Kew Bridge Rise Brentford.

Kew Bridge Rise Brentford.

Situated minutes from Kew Bridge and boasting 50% affordable homes, this brownfield regeneration represents a continuation of our strong relationship with L&Q, with previous projects including the Thames-side New Union Wharf in London’s Docklands, which completed in 2022.

Kew Bridge Rise is a new neighbourhood of five buildings of up to 18 storeys, featuring a range of facilities to benefit the wider area. These include a new public square, a nursery, and commercial space. Across the five buildings, all homes are designed tenure-blind to ensure inclusivity, and the first residents are expected to move in in spring 2025.

We have placed sustainability and healthy living at the heart of the project by incorporating features such as air-source heat pumps, electric vehicle charging points, and landscaped green spaces to promote habitat creation and ensure a net biodiversity gain.

In September, we marked a major milestone with a topping-out ceremony at one of the project’s residential towers, less than a year after breaking ground and announcing plans to speed up housing delivery on site.

Hounslow Council Leader Shantanu Rajawat commented:

“It is exciting to see the rapid progress that Hill and L&Q are already making on site, alongside the training and employment benefits the project offers to local people.”

DBP Estate, Barnet

We are working with Home Group to deliver the transformation of the 1970s Douglas Bader Park Estate in Colindale, Barnet. The regeneration will provide 753 homes, with over a quarter of them available through shared ownership and affordable rent.

The development will transform the estate into high-quality housing set around a central urban square with abundant green open space.

The connected communal courtyards, play areas, and improvements to the adjacent public open space will create a vibrant neighbourhood for new and existing residents.

Work began in early 2023 on the first phase of this multi-phase project, starting with the demolition of existing residential units and the construction of 38 affordable homes. The development will provide 272 affordable homes and 481 private sale homes. Phase 1 was completed in May 2024.

Lampton Parkside, Hounslow

In collaboration with Notting Hill Genesis, we are delivering Lampton Parkside in Hounslow, a collection of 780 new homes adjacent to 42 acres of public parkland.

We commenced work on site in 2020, with sales launching at our marketing suite in September 2021. The development has proved popular, with 181 homes already sold.

Community wellbeing and sustainability are at the forefront of the project’s design. A dedicated energy centre with a central district heating system provides heating and hot water to the homes, and electric car charging points, bicycle storage, and a car-sharing club enable residents to embrace sustainable travel options.

In September 2023, we hosted a ceremony to mark the handover of new affordable homes at the development’s Grimshaw Court, which features 42 apartments across five storeys.

Lampton Parkside, Hounslow.

Lampton Parkside, Hounslow.

St Ann’s, North London

Representing the first of two major joint ventures we have with housing association Peabody, St Ann’s is a transformative mixed-use development in South Tottenham to deliver 995 new homes on the site of the old St Ann’s Hospital.

Since being jointly selected by the Greater London Authority (GLA) in 2022, we have been working closely with Haringey Council and the local community to shape the plans for the development.

In February, we officially exchanged contracts, marking a pivotal step towards the commencement of the regeneration. Work began on the first phase in March for the delivery of 239 homes as well as the existing hospital buildings, which are to be refurbished, repurposed, and reintroduced as commercial units, including affordable workspaces and a café. Later in the same month, we were joined by our partners and members of the GLA at the site to showcase the progress made.

Tom Copley, Deputy Mayor of London for Housing and Residential Development, said:

“I'm delighted that nearly 1,000 new homes will be delivered on the St Ann's new neighbourhood site, 60% of which will be genuinely affordable.”

Our successful partnership with Peabody continues at Dagenham Green, East London.

Our successful partnership with Peabody continues at Dagenham Green, East London.

The development will bring significant benefits to the area, including an enhanced publicly-accessible Peace Garden, ecological corridors, and a children’s play area inspired by the natural landscape.

Of the 995 homes at St. Ann’s, 60% will be affordable, delivering much-needed housing in the area, with the first homes expected to be completed in 2025. 

Dagenham Green, East London

For our second joint venture with Peabody, we were selected to deliver the first phase of Dagenham Green, a landmark regeneration project set to transform Dagenham in East London. Delivered across multiple phases, Dagenham Green will provide more than 3,500 new homes, of which 1,640 will be for affordable rent and shared ownership.

Our vision for Dagenham Green is to redefine the landscape of the development and bring new life to the area over the next decade. Together in joint venture, we will deliver Phase 1 of the transformative mixed-use development, which is located on the site of the old Ford stamping plant.

Work on Phase 1 began in March 2023 to construct 935 homes set around green open spaces, including a new urban park with a large pond. Over 1,700 sqm of non-residential space has been incorporated into the plans, including a market square and new cycle and pedestrian routes to improve connectivity.

James McMylor, Peabody’s Managing Director of Development for London North, said:

“The Dagenham Ford factory site is now poised for a remarkable reinvention, and we look forward to welcoming new residents from 2025.”

Dagenham Green, East London.

Dagenham Green, East London.

Marleigh, Cambridge

Marleigh is an award-winning new district located in northwest Cambridge which we are delivering in joint venture with Marshall Group. Since the development launched in 2020, it has established a strong sense of place and welcomed new homeowners into its vibrant and flourishing community.

Once complete, Marleigh will comprise approximately 1,300 homes, complemented by over 57 acres of beautifully-landscaped green spaces that have been designed with sustainability and environmental impact in mind.

2023 marked the release of new homes in Phase 2, including apartments in the Kestrel building, along with a diverse range of houses in Marleigh’s Beaumont Gardens and Kingsley Park.

More recently, Phase 1D saw the release of a new collection of homes at Jubilee Central in early 2024.

The development is very popular with families and to date, we have sold 249 new homes. Marleigh’s burgeoning community is served by the central Jubilee Square which acts as a fulcrum for residents, with its nursery and Marleigh Primary School providing early years scholastic options, as well as convenient amenities such as a Co-op supermarket,
a R3FORM Pilates studio, and a Signorelli’s deli and restaurant.

Planning for ‘LLP 3’ has now been submitted, comprising 423 new homes, a community garden, new grass playing pitches, and associated infrastructure improvements.

Marleigh's linear Gregory Park.

Marleigh's linear Gregory Park.

Capstone Fields and The Gables, East Anglia

We are delivering two developments in joint venture with Latimer, the development arm of Clarion Housing Group. The first, Capstone Fields, is a 155-home residential development in the village of Hardwick, Cambridgeshire.

The development is designed to mirror the rural charm of its surroundings and offers residents a blend of countryside living with the convenience of Cambridge’s bustling and cultural city centre on its doorstep.

Since its launch, sales at Capstone Fields have been strong, with over 88% of the private sale homes already sold.

Building on this successful partnership, we are also delivering 349 homes at The Gables in Attleborough, Norfolk. Once complete, this second joint venture spans over 40 acres and offers a diverse mix of homes with designs that draw inspiration from the region’s traditional architecture.

Capstone Fields, Cambridgeshire.

Capstone Fields, Cambridgeshire.

With a strong emphasis on sustainability, all homes at The Gables will be gas-free, heated by air-source heat pumps, and have well-specified interiors designed for modern living.

Biodiversity will be boosted with the inclusion of extensive open space as well as new cycle and pedestrian routes to promote greener travel choices and more active lifestyles.

We launched the first collection of 155 homes for sale in late 2023, and in January 2024, we came together with our partner to celebrate the handover of the first 46 affordable homes, which are part of Phase A of development.

Since its launch, sales at Capstone Fields have been strong, with over 88% of the private sale homes already sold.