Half of the new homes will be made available at affordable rent, with the entire development owned and managed by Barnet Council.The project, which prioritises sustainability, will be built on a council-owned car park. Importantly, it will still maintain some parking spaces for town centre visitors and access to the nearby station. Reports Contract Journal
This marks the first collaboration between Barnet and an institutional investor of Aviva’s scale. Aviva Capital Partners is funding the scheme in partnership with developer Stories.
Construction is scheduled to begin in 2026, with completion expected by 2028.
Councillor Ross Houston, deputy leader and cabinet member for homes and regeneration, said the agreement highlights how the council can “use council land to directly benefit residents.”
Richard Meier, CEO of Stories, said: “Bunns Lane is more than just a housing scheme – it represents a blueprint for public-private collaboration guided by shared values and long-term goals. We’re proud to partner with Aviva Capital Partners and Barnet Council to raise the bar for equitable development in London.”
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