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The Deputy Mayor of London visited Square Roots Hendon, where 100% affordable homes are being delivered. Also joining the site visit were Cllr Anne Clarke AM, London Assembly Member for Barnet and Camden and Cabinet Member for Community Wealth Building at Barnet Council; Cllr Barry Rawlings, Leader of Barnet Council; Cllr Ammar Naqvi, Cabinet Member for Culture, Leisure Arts and Sport at Barnet Council; and Cllr Ernest Ambe, West Hendon Ward Councillor. They were accompanied by London Square’s Founder and Chief Executive, Adam Lawrence and Square Roots Managing Director Barbara Richardson.
Barbara Richardson, MD, Square Roots, said: ‘The GLA’s grant of £7m has provided vital support for the delivery of affordable homes at Square Roots Hendon and we were delighted that Tom Copley, Anne Clarke, Barry Rawlings, Ammar Naqvi and Ernest Ambe were able to see the great progress being made on site and the high-quality homes we are delivering. Square Roots is now making a significant contribution to the provision of affordable new homes across the capital – with over 1,000 homes under construction across five sites and on track to deliver around 4,500 affordable homes in the next five years.’
Tom Copley, the Deputy Mayor of London for Housing and Residential Development“I’m delighted that this £7m grant from the Mayor’s Affordable Homes Programme has delivered 244 new, high-quality homes in Hendon – 100% of which are genuinely affordable – with thousands more in the pipeline."
“This scheme builds on the Mayor’s impressive housing record, including exceeding his ambitious target to deliver 116,000 new genuinely affordable homes in the capital, helping to build a better, fairer, more prosperous London for all.”
The scheme features 244 exceptionally well designed, much-needed affordable homes for affordable rent and shared ownership, as part of a sustainable mixed-use redevelopment of the former car showroom site on Edgware Road, NW9, which was acquired for Square Roots in October 2021 – with London Square acting as developer.
The studios and one, two and three bedroom apartments have high specification interiors, private balconies and terraces, attractive podium gardens, living roofs and cycle storage. Square Roots Hendon will deliver landscaping and public realm improvements and play a vital role in contributing to the local economy, attracting businesses to the 2,000 sq ft of flexible commercial space. Shared Ownership homes launch for sale on Saturday 9th March and the first homes will be ready for occupation in Summer this year.
Square Roots now has high-quality affordable homes under way in the London Boroughs of Bexley, Lewisham, Kingston, and Barnet, with an active planning pipeline across Greater London.
The affordable provider has already received £400m of institutional investment, plus a £4.9m grant from the Mayor of London’s Affordable Housing Programme in London, enabling the delivery of Square Roots’ second site in Kingston. This follows on from the success of Square Roots inaugural site there, which won two major awards, has received outstanding feedback through customer surveys and was also supported by the Mayor of London.
Although established by London Square, Square Roots remains independent, with a separate board and governance in place. London Square is acting as developer, working in partnership with Square Roots and institutional investors.
