CONTACTLondon Square and QuadReal Property Group (QuadReal), a global real estate investment, development and operating company, have signed their first partnership to deliver 241 Build to Rent units at the developer’s Woolwich scheme in south-east London. Through the agreement, QuadReal will invest £120m to forward fund the units, which will be managed by their UNCLE brand.
London Square’s Woolwich development is a triple tenure scheme delivering 700 homes, including 337 (48%) affordable properties, which will be managed by The Hyde Group. The 4.49 acre site benefits from full planning permission and Gateway 2 approval to create new homes, shops and workspaces surrounded by exceptional public realm, bringing a new focus to Woolwich High Street and the town centre.
The scheme also incorporates a highly sustainable, energy efficient design featuring central air source heat pumps, high performance building fabric, and optimised glazing that minimise energy demand and carbon emissions. A fabric first approach also contributes to a 76% reduction in regulated carbon emissions across the masterplan. Construction will begin this spring, with completion expected in 2029.
Woolwich was recently named as one of the top places to live in London. The ranking highlighted its value for money, connectivity, quality of schools, community events and easy access to the Thames Tidal paths. The scheme is particularly well located within the area – Woolwich station (Elizabeth Line) is 400m from the site and Royal Arsenal station (DLR) is 150m away, with City Airport also close by.
Adam Lawrence, Chief Executive, London Square
"Through our first partnership with QuadReal, we will add a much-needed rental offering to the mix of new homes on offer in a neighbourhood that benefits from excellent transport links, amenities and green spaces. Partnering with a respected investor known for operational excellence and a renter first approach highlights the quality of our Woolwich scheme and the strength of London Square’s approach to design and delivery in the capital."
Kristian Branum-Burns, Managing Director, QuadReal
“Our partnership with London Square is a direct reflection of our global investment strategy to deliver high quality, sustainable homes in well connected urban locations. This project joins our award-winning UNCLE portfolio, and we are confident this development will set a new benchmark for design, sustainability and placemaking, while creating longterm value for the local community. This development brings QuadReal’s UK built-to-rent and student housing platform to over 10,800 units.”
About London Square
London Square is a leading property developer dedicated to creating places that reflect our capital at its best: dynamic, diverse, and full of life. By focusing on London, we have unique expertise in delivering exceptional schemes on complex sites that meet the needs of Londoners.
We are part of Aldar, the UAE’s leading real estate developer, investor, and manager. Together, we are committed to creating world-class developments, anchored in high quality design, sustainability, and outstanding customer service.
Using our scale and expertise, we contribute to a greener, more inclusive capital. In 2022, we established Square Roots, an independent registered provider aiming to deliver 10,000 affordable homes over the next decade.
Reflecting our wider commitment to social impact and environmental sustainability we only develop on brownfield land and hold a NextGeneration Gold Award, the highest ranking provided by this independent sustainability benchmark for the UK’s residential developers.
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $98.5 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities globally for investments in equity and debt in both the public and private markets. QuadReal invests directly through operating platforms in which it holds an ownership interest and via programmatic partnerships.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
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