House builder Taylor Wimpey has announced plans to build more homes in London in 2012 than ever before.
The housing market in the UK capital has bucked the trend of falling prices and the builder hopes to take advantage of this.
Ingrid Skinner, Taylor Wimpey Central London’s managing director, said that the company hopes to extend its reach to some of the more 'up and coming' boroughs which are undergoing redevelopment.
“We have a diverse pipeline of fantastic projects that will enable us to extend the group’s operational aims and to bring more homes to the market than ever before in key areas of Central London in 2012 and beyond," she added.
Projects currently in the planning or construction phases include West Hampstead, Tufnell Park, Islington, Newham and Lewisham, while developments in Greenwich, Kensington and Camden are in the pipeline.
It is thought that the initial phase of development alone will deliver more than 400 new homes.
Recently, housing minister Grant Shapps estimated that the government's £420 million Get Britain Building Fund will lead to the development of around 16,000 new properties.
Building and Construction News
Monday, 16 January 2012
Building & Construction News: More homes planned for London
