Wates Construction has signed a contract valued at £70.9m to build Anthologys new Hoxton Press development, bringing the contractors private residential appointments to a cumulative £182m in twelve months.
The Hackney project will see Wates create two towers of 20 and 16 storeys, comprising 198 one and two-bedroom apartments and three-bedroom penthouses for private sale.
Designed by Karakusevic Carson Architects and David Chipperfield Architects, the new development will include a single storey basement car park, ancillary services and a ground-floor café in one of the towers.
The new development, which will overlook Shoreditch Park and Regents Canal, forms part of the ongoing regeneration of Hackney Councils Colville Estate in Hoxton, which will also help fund investment in new council homes for social rent and shared ownership.
Building work has now commenced at Anthology Hoxton Press and completion of the two towers, Mono and Duo, is expected by summer 2018.
The growth of Wates project portfolio follows the 2014 appointment of Mark Tant to head up the expansion of the business presence in Londons private residential market.
David Newey, Project Director for Anthology Hoxton Press commented:
We are thrilled to be working in collaboration with Wates on the exciting regeneration of the Colville Estate. At Anthology, we put community into the heart of everything we do and with Wates support at Hoxton Press, we will be providing a community café for all local residents to enjoy.
Hoxton is cemented as a key London destination for buyers, renters and tourists alike. By working with Wates, we are able to bring our vision to life with a development that sits in the heart of Hackney and has good travel connections, markets, shops and design studios just a stones throw away. Anthology will continue to work closely with Wates to deliver homes that provide the community with a location for creativity to flourish.
Mark Tant, Managing Director Wates Construction London Private Residential, said:
“I joined Wates with a vision to increase our presence in this thriving sector and bolster the business already prominent position as a respected market leader. The achievements of the past twelve months and our expanding presence in the private residential market are a huge testament to the success the business is seeing in its growth strategy.
Anthologys aspirations for Hoxton Press are to create a premium residential development that complements the ongoing regeneration at the Colville Estate, ambitions that Wates has long-standing proficiency in fulfilling.”