Catalyst and Galliard Homes have entered into a 50:50 joint venture agreement to develop 604 new homes and circa 18,000 sq ft of commercial space as part of the redevelopment of the former Wimbledon dog track.
The development, which secured planning approval in December 2017, includes both private residential and shared ownership apartments, as well as a new 11,000-seater stadium for AFC Wimbledon on Plough Lane.
The JV will be a partnership between Galliard Homes and a subsidiary of Catalyst. Together, they will manage the construction of the residential units and public realm. The JV also intends to provide 177 affordable homes which is over 30% of the entire development, surpassing the original 10% statutory amount set by Merton Council. The pair will work closely with the local authority to manage the delivery of the affordable proportion of the development.
Stephen Conway, Executive Chairman Galliard Homes, commented: “We are pleased to finally be able to move forward with this exciting development. There are so many components to this scheme that will benefit the local area and we are thrilled to have Catalyst on board who really have what it takes to make things happen in order to deliver a ground-breaking number of affordable units in a new residential scheme. I look forward to attending AFC Wimbledon’s opening match and celebrating the Dons’ return to the borough once the stadium is complete.”
The scheme, designed by Shepard Robson and Wilson Owens Owens, will also see the delivery of a new fitness facility, retail space and a public piazza.
Ground works will start in March 2018, with construction starting in the autumn. Completion of the residential units is expected early 2021.The main residential sales launch is penned for later in the year, however the scheme is currently undergoing a soft-launch period, with marketing suite on site.
