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Joint venture for major new scheme in North London


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5 March 2007

Countryside Properties and Annington Homes have joined forces to create a development of luxury new homes as part of the regeneration of the former Inglis Barracks in Frith Lane, Mill Hill, Greater London.

The proposed mixed-tenure development, will subject to planning permission, involve the creation of 360 properties, of which 270 will be for sale, comprising one and two bedroom apartments, and three and four bedroom houses. Building work is due to begin in May, with the show home and marketing suite for the first 104 apartments due to open in autumn 2007. This development forms part of the wider London Borough of Barnet's Area Action Plan that is currently going through public consultation.

The first phase of apartments will provide ideal living for professionals, empty nesters and retirees who are keen to buy in this popular local housing market.  Considerable effort has gone into the design of the homes by MLRS Architects to ensure the development gives rise to an improved environment that complements the existing area.  The homes have a distinctive contemporary design, built with traditional finishes incorporating timber cladding, brick and render. 

Ian Hudson, Head of Annington Developments, says: "The regeneration of the former MOD married quarters is a great example of how urban sites can be given a new lease of life. We are delighted to be finally moving ahead with this project and we look forward to working with Countryside Properties in this joint venture."

 

Graham Cherry, Chief Executive of Countryside Properties, says: "This is our second joint venture with Annington Homes, following the success of Fortuna Park in Colchester, Essex. We are bringing much needed new family housing and apartments to an area where there is currently a shortage of supply, and making best use of a major brownfield site within London."

Both companies have extensive experience in creating new communities.  Brentwood-based Countryside Properties has delivered numerous award winning developments in Essex including Great Notley Garden Village in Braintree and Beaulieu Park in Chelmsford, as well as schemes in the London Borough of Barnet at Totteridge and Arkley. Over the past ten years, Annington has invested time and expertise in regenerating thousands of Ministry of Defence homes, creating environments in which people want to live.

ENDS


Notes to Editors:

Annington Homes become the largest private owner of residential property in the UK following the purchase of more than 57,600 homes from the Ministry of Defence in 1996.  The majority of these homes were leased back to the Ministry of Defence for continued use as service accommodation. Each year the Ministry of Defence terminates the lease of those properties across England and Wales that are surplus to their requirements and they are handed back to Annington.

Over the past ten years, Annington's primary business has been the regeneration and sale of these second-hand homes and since 1996 has helped over 14,500 homebuyers purchase homes, many of whom were first time buyers and key workers. 

Nowadays Annington is much more than a company that sells former MoD homes. Over the past few years it has designed and built a number of new homes, bringing new life to local communities and enhancing surrounding environments. Many of these homes are built in locations that most housebuilders today would not have access to, which makes Annington one of the UK's most exclusive housebuilders.

For further information please visit www.annington.co.uk



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Information correct as at 04/08/2008