Green light for Mitheridge and Halcyon’s Hackney Wick co-living development
Mitheridge Capital Management (Mitheridge) and Halcyon Development Partners (Halcyon) have received approval from the London Legacy Development Corporation (LLDC) for their co-living development plans for 115-119 Wallis Road, Hackney Wick.
The development consists of 337 best-in-class co-living units, alongside a vibrant ground floor offer combining affordable workspace, a new canal-side café and greatly enhanced public realm. The site currently accommodates three warehouses.
The Hackney Wick site is being developed in partnership with Halcyon, London’s leading co-living developer. The Hackney Wick and Fish Island Creative Development Trust will operate a key part of the ground floor commercial space, curating a local business offer centred around creative enterprise. The Trust currently runs a pioneering circular economy project, ‘The Loop’, as a meanwhile initiative on the site.
Mitheridge – an alternative investment firm with development and operational capabilities – acquired the site into its second fund in 2023. It became the firm’s second dedicated co-living asset alongside plans for a 320 unit scheme in Hardess Yard, Loughborough Junction, which is set to go to planning committee in October.
This approval follows Halcyon’s recent acquisition of a co-living plot in the Brent Cross Town Masterplan earlier this summer to add to their emerging pipeline, having already delivered over 800 co-living units since 2022.
Harry Manley, Head of Planning at Halcyon, said: “This is a significant milestone in our journey to bring co-living to Hackney Wick. This development will realise significant regeneration benefits for this important part of Hackney Wick, whilst providing future residents with an exemplary living experience in the most exciting neighbourhood in the capital. We can’t wait to get started.”
Robert Chevis, Development Director at Mitheridge, said: “We’re thrilled to be pressing ahead with this development, and grateful to the LLDC for their support. Bringing co-living to Wallis Road will deliver much-needed housing to one of London’s most sought after and vibrant communities.”
Co-living, with its focus on shared experiences, creates an opportunity to introduce a new residential population into the area, reinforcing Hackney’s Wick appeal as a vibrant community in which to live and work. At a time of critical undersupply in London, it also provides much-needed, high-quality housing on flexible and accessible terms.
About Mitheridge Capital Management
Mitheridge Capital Management is a London-based alternative investment firm, specialising in real estate. Founded in 2010, Mitheridge has an established track record of generating market-leading returns – delivering Living Sector solutions for a changing world.
Through the collective experience of its team, Mitheridge combines institutional discipline with creativity and a problem-solving approach. The leadership team captures expertise and experience that extends from an asset’s inception to its operation.
About Halcyon Development Partners
Formed in 2021, Halcyon is London’s leading co-living developer, with an emphasis on sustainable and impactful co-living developments.
Since 2022, Halcyon has delivered over 800 co-living units for the COLIV portfolio, including a 270-unit scheme in Battersea known as Florence Dock which opened in July 2023.
Halcyon has a future 1,700 co-living unit pipeline on sites across London and the South East including sites in Related Argent’s Brent Cross Town Masterplan and in Fulham. Later this year Halcyon is due to start the construction of 329 co-living units in Woking with JRL Group.
For More Information
Please contact Luke Roberts (lroberts@nepean.co.uk / +447403297251)
Investors
IR@mitheridge.com