Affinity Submits Epping Forest Regeneration PlansPosted on 3rd September 2015
Affinity Global Real Estate has formally submitted planning application through a joint Venture, Burney (Loughton) Limited, to regenerate the site of the Old Golden Lion in Newman’s Lane, Loughton creating 30 new flats.
The scheme seeks to regenerate the 2,700 square metre site creating eight one-bed and 22 two-bed flats with under-croft parking and landscaped public areas. Being located close to Debden station on the Central Line and junction 5 of the M11, the site illustrates Affinity’s strategy of regenerating underutilised real-estate assets to create new homes in London.
Robert Whitton, Chief Executive Officer of Affinity GRE, commented:
“The Old Golden Lion public house was constructed in 1959 as part of a larger scheme created by post-war social housing policy development. The building is low-density and low height so it’s not using the space well at all. With huge demand for new housing in Epping, the local council indicated that it wouldn’t object to a change of use application to regenerate the area to assist in meeting housing targets. This application delivers on our promise of creating regenerative schemes with higher density usage.”
Epping Forest Council aims create 11,300 new homes between 2011 and 2023, but the area has significant development constraints because more than 90 per cent of their area is green belt.
For additional information, please contact:
Dominic Hawes: 020 7718 5574
Note to editors
Founded in 2012 by Robert Whitton, a proven real-estate business leader, Affinity GRE operates across the real estate development value chain, applying tried and tested value-adding strategies in London and the UK’s other metropolitan centres. Affinity GRE also operates in selected European urban centres through its Global Developments subsidiary, targeting areas where demographic pressure demands both impact investing and the specific expertise Affinity can bring to bear.