Telford Homes entered into a joint venture to redevelop the site in September 2015, as part of our acquisition of the United House portfolio. City North sits to the west of Finsbury Park underground station and runs parallel to a national rail line.
The site was acquired with a detailed planning consent, and on behalf of the joint venture, we are developing the detailed design, constructing the scheme in its entirety and managing the sales and marketing of the residential element.
The scheme will deliver 355 homes, of which 47 affordable homes have been sold in a separate transaction to Newlon Housing Trust. The scheme will also provide 109,000 sq.ft of commercial space which will be let to, amongst others, a cinema operator and a supermarket.
At the heart of the scheme is a new entrance to Finsbury Park underground station; we have worked closely with London Underground to design and construct the required infrastructure. The station entrance will link into a substantial new area of public realm.