Aviva funds council housing push in north London

Half the houses shall be supplied at reasonably priced hire, with the whole improvement owned and managed by the council.

The scheme, designed with sustainability in thoughts, will rise on a council-owned automobile park and nonetheless retain some parking for city centre guests and station entry.

It’s the primary time Barnet has teamed up with an institutional investor of Aviva’s scale. Aviva Capital Companions is backing the undertaking alongside developer Tales.

Development is predicted to start out in 2026, with completion by 2028.

Councillor Ross Houston, deputy chief and cupboard member for houses and regeneration, mentioned the deal reveals how the council can “use council land to straight profit residents.”

Richard Meier, CEO of Tales, mentioned: “Bunns Lane is greater than a housing improvement – it’s a mannequin for what public-private collaboration can obtain when values and long-term outcomes lead the transient. We’re proud to work with Aviva Capital Companions and Barnet Council to set a brand new bar for what equitable improvement in London can appear like.”