New homes for Lambeth on former industrial land

Peabody is getting ready to welcome new residents to Higgs Yard in Lambeth, where it has just completed 134 much-needed new homes on the former industrial site at Loughborough Junction.

Published: 14/11/2023

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The scheme offers 50 per cent affordable housing, including homes for social rent, London Affordable Rent and shared ownership. 

The first residents are expected to begin moving in within the next few days. 

Higgs Yard provides a mix of one-, two-, and three-bedroom homes, with communal spaces including a landscaped podium deck and a rooftop terrace. 

The development has been built with an air-source heat pumps, making the homes more environmentally friendly and economical to run for residents.

The project has also delivered 36,000 square feet of commercial space.

Higgs Yard was designed by architects PRP and built by Durkan for Peabody. The partners gathered for an event to mark the completion on Monday 11 November. 

Simon Barry, Regional Managing Director of Development for Peabody said: "London urgently needs more homes and our ambition is for all Londoners to have access to high quality homes they can afford. So, we’re pleased to be able to offer a range of affordable homes on this development.

“Higgs Yard brings this neglected former industrial estate back into use once again, while also creating new commercial spaces that will help to bring jobs to the area. It’s great to see the project completed and we look forward to welcoming new residents very soon.”

Ronan Murphy, Group CEO of Durkan, said: “We are pleased about the completion of the Higgs Yard development, which will provide much-needed affordable homes for the people of Lambeth.

“We have a strong partnership with Peabody, having delivered a number of successful projects together, and it’s good to see that continuing with this fantastic development for the local community.

“We pride ourselves on delivering high quality homes and connecting with communities. We’re pleased to have brought that focus to this project to provide the best possible environment for residents to enjoy.”

Tom Copley, the Deputy Mayor of Housing and Residential Development, said: “I’m delighted that work has been completed at Higgs Yard, delivering 66 genuinely affordable homes in Lambeth. 

“Backed by funding from the Mayor of London, this impressive development meets our goal to deliver more high-quality affordable homes across the capital and support neighbourhoods and local communities to grow and thrive – building a fairer, more prosperous London for everyone.”

Stephen Martin, Associate Director at PRP, said: “We are delighted to have worked together with Peabody and Durkan to deliver this project for Loughborough Junction.

“Higgs Yard provides new homes across all tenures, as well as opportunities for new businesses to join this vibrant and exciting area. The quality of the construction reinforces the design intention to provide a landmark for the area on a very constrained site.”