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Brochure

Barking & Dagenham affordable housing brochure

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Barking & Dagenham

Long Harbour worked in partnership with a London local authority and Laing O'Rourke to deliver 477 residential units, all made available for rent at affordable levels. Long Harbour structured and financed the design, planning and construction of the scheme ensuring that the development met the needs of local authority, its institutional investors and ultimately delivered a high quality regeneration scheme where people want to live.

By utilising the teams experience in development management and structured finance, we were able to deliver two high quality regeneration schemes from initial inception, through design, planning and construction in what was at the time a constrained market. Our holistic approach to development ensured the project was delivered ahead of schedule, on budget and delivered retained value for our partner, the London Borough of Barking and Dagenham.

Long Harbour worked closely with Laing O’Rourke and Explore Investments and in partnership with the London Borough of Barking and Dagenham on this project. We helped develop, fund and build nearly 500 new homes for local residents.

All properties were made available to local residents at affordable rents at levels that were 50%-80% of local borough market rental rates. At the end of the financing period the homes will revert to Council ownership.

This award-winning infrastructure transaction is a model that Long Harbour looks forward to replicating with other partners.

Facts & Figures

• 477 residential units
• 100% affordable housing