Pocket Living has revealed the architects set to benefit after the developer secured nearly £60 million of public cash to help it build more than 1,000 affordable homes in London
The compact-home specialist, based near Covent Garden, secured £25 million from mayor Sadiq Khan to help finance site purchases plus £33.5 million from the Homes and Communities Agency for construction of homes.
The money will help Pocket Living start work on 1,059 new starter homes by March 2021, with a third expected to be prefabricated off-site.
Typically one or two-bed flats, the homes will be sold at least 20 per cent cheaper than market price and will only be for first-time buyers from local areas.
As well as having in-house architects led by design director Russ Edwards, Pocket Living works with a framework of external architects when commissioning large and mixed-use projects. The firm told the AJ its bespoke project framework included:
- Bell Philips
- Gort Scott
- Howarth Tompkins
- Metropolitan Workshop
- Waugh Thistleton
The developer is also currently working with Maccreanor Lavington, Reed Watts and Dyvik Kahlen. Pocket Living has not confirmed which architects will secure work on projects funded by the mayor and HCA.
Pocket Living chief executive Marc Vlessing said: ‘City Hall’s support for Pocket is yet another demonstration of the mayor of London’s commitment to tackling the capital’s housing shortage and increasing the range of affordable housing options.
‘We are proud to receive the mayor’s backing for Pocket Living’s award-winning approach to design and the use of modern methods of construction to help those priced-out and not eligible for social housing to get onto the property ladder.’
All the cash – from the Mayor’s Innovation Fund and the government’s Home Building Fund – is in the form of loans and will be repaid.
Khan said: ‘For decades, we have simply not built enough new and affordable homes in the capital, meaning that for too many Londoners the dream of buying their own home is getting further and further out of reach.
’That is why I am working with Pocket Living to build more than a thousand homes for first-time buyers, using the latest off-site construction techniques to provide attractive and affordable homes as quickly as possible.’
Southwark Council approved proposals by Maccreanor Lavington for 57 new homes - most of which measure just 37.8m² - last month