HUB and Bridges Fund Management have secured a forward funding deal with CBRE UK Affordable Housing Fund (AHF) — a fund managed by CBRE Global Investors — to deliver Abbey Place, a development of 245 homes in Abbey Wood, located in southeast London.
The 13- and 21-story residential towers will form a landmark mixed-use development on a key site adjacent to the new Abbey Wood Crossrail station. The scheme will provide 72 percent affordable housing, as well as three commercial units, a new public square and improvements to the public realm. Abbey Place will improve the arrival experience to the new station and set a new benchmark for development quality in the area.
The forward funding deal with CBRE Global Investors means work is now expected to begin on site in December 2020, with the scheme expected to complete in third quarter 2023.
HUB acquired the site in partnership with Bridges Fund Management. Abbey Place was granted full planning permission in Septem
