Mill Hill deal latest large-scale residential scheme for Regen

Willmott Dixon’s development division, Regen, now has over 3,000 homes in the pipeline after acquiring a site in Mill Hill to develop 188 homes with a gross development value of c. £100m.

The company has agreed to purchase a 1.1 hectare site at Millbrook Park from The Inglis Consortium for 159 private sale homes along with a further 29 affordable homes that will be developed by Regen’s private sale residential brand, Prime Place.

It follows last month’s planning green light for Brentford FC’s new 20,000 seat stadium that will also see 900 new homes created on two sites, the latest in a series of property announcements over the past 18 months that underline Willmott Dixon’s ambition to be a major residential developer in London and the South East.

Alongside the Brentford FC master plan, other recent schemes secured include 600 homes for private rent in Barking, 135 homes in Godalming, a further 88 in Cheshunt and 95 in Sevenoaks, which involves converting a former office into a residential block. It is also behind 1,176 homes at Aberfeldy Village in Poplar E14 and expects to start work shortly to deliver 156 homes with Westminster City Council that includes new leisure facilities on two sites.

Andrew Telfer, chief executive at Willmott Dixon Regen:

“Millbrook Park’s high quality mix of one and two-bedroom apartments, together with a number of three and four-bedroom houses in a popular location with good transport links, exactly fits the scale and type of homes we develop through Prime Place.

“Our ambition in 2016 is to continue to grow the number of homes we are developing, either on site or going through planning, for both Prime Place and Be:here, our private market rent business. Our ability to combine these two strong brands to develop homes for both private sale and private rent is also unlocking wider opportunities and helping to accelerate the delivery of hundreds of homes in the capital.”

This acquisition represents the latest phase of Millbrook Park’s regeneration that is creating a new community in one of the most sought-after areas of north London. When complete, there will be 2,174 new high quality homes set in superb landscaped parkland, together with shops, offices and a new primary school. It has outline planning and a reserved matters application on a Broadway Malyan design will now be submitted to Barnet Council in spring 2016 for the development, which will be branded Prime Place, Millbrook Park.

Keith Hurford, project director for Millbrook Park, says: “We are pleased to welcome Prime Place to Millbrook Park - their proposals are exciting and will enhance the consortium’s vision of the development as a quality destination.”