Peabody has acquired 14 new homes for affordable rent from developer Chesington Investments Limited, a subsidiary of Bellworth Developments, at the prestigious Lancer Square development in the Kensington Palace conservation area, Kensington, London.
Designed by architects Squire and Partners and built by build contractor Mace, the seven one-bedroom and seven two-bedroom homes are situated in a bustling, central location, in close proximity to local amenities and within walking distance to Hyde Park.
Thanks to grant funding provided by the GLA, Peabody has been able to offer these homes at London Affordable Rent levels, reaffirming our commitment to providing genuinely affordable homes and helping people make the most of their lives, in and out of London.
Peabody’s Senior Development Manager, Ed Major said: “We are delighted to have acquired the affordable homes at the landmark Lancer Square development in Kensington. These homes have been built to a very high quality finish and together with support from the GLA will enable us to deliver on our social purpose, providing homes to those who need them most.”
Kevin Kuok, CEO of Bellworth Developments, said: “We’re excited to handover this range of new homes at Lancer Square to Peabody. We’re expecting plenty of interest in the 14 affordable Central London residences, which include 7 one-bedroom and 7 two-bedroom homes. This development has so much to offer potential residents from its enviable location within close proximity to Kensington Gardens, Kensington Palace and Hyde Park; excellent transport links; local green space; and amenities.”