Graham Construction to develop new residential scheme in Southwark
Graham Construction has secured a £7 million ($10.64 million) contract from the British housing association Peabody to develop a mixed-tenure, new build housing in South East London, which is designed around five semi-private and secure courtyards.
Demolishing five 1960s blocks of flats on the Cooper's Road Estate in Southwark, the project is the final phase of a major urban regeneration project. The scheme will of mixed tenure with 35% of the dwellings allocated to private homes and the other 65% to affordable homes. Of these, 11 will be designated affordable rent for local people and 20 as shared ownership.
A total of 47 homes will be constructed including four-bedroom houses, three-bedroom maisonettes and flats, and one- and two-bedroom flats.
Work is expected to start in the early summer of 2013 and will take 68 weeks to complete.
