UK housing association Peabody has won an affordable housing deal within the major Battersea Power Station revamp in London.
Peabody will deliver 386 affordable homes within the scheme, although this is down from the initial promise of a 636-home scheme made by the Battersea Power Station Development Company.
The subsequent slash in the number of affordable homes proposed for the site left London’s Mayor Sadiq Khan ‘furious’ with the local Wandsworth council for allowing the reduction.
A final review will be made nearer to the project’s completion to confirm the final number of affordable homes within the scheme.
Preliminary works on the scheme are due to begin this year, with completion expected by 2020.
In a statement, Peabody said that the new buildings would ‘echo the style of London’s grand redbrick mansion blocks’, ranging from one to four bedrooms.
Peabody’s chief executive Brendan Sarsfield said: “The regeneration of Battersea Power Station is an iconic scheme for the capital which we are pleased to be a part of.