Mitheridge and LGL to bring new homes to Brixton
Lambeth Council has approved plans submitted by a joint venture comprising Mitheridge Capital Management (Mitheridge) and LGL, alongside PLP Architecture, to bring a co-living and light-industrial development to a former industrial yard in Brixton.
The site, Hardess Yard, will include 320 best-in-class co-living studios, as well as 1,400 square metres of industrial floorspace dedicated to supporting SMEs in the local creative community. It will also feature newly landscaped public spaces and a pocket park.
In developing these plans, the joint venture engaged extensively with Lambeth Council, ensuring that the scheme complements the Council’s wider ambitions to invigorate the local area.
Hardess Yard sits opposite Higgs Yard: another residential-led, mixed-use site recently completed by the Peabody Estate. In combination, the two sites will greatly enhance the appeal of the local area, delivering space to live and work.
Mitheridge is an alternative investment firm with end-to-end capabilities and this approval follows a similar, 337-studio co-living asset in Hackney Wick, which was also approved in late-September. Hardess Yard therefore becomes the firm’s second dedicated co-living asset.
Daniel Rastegar, Partner at Mitheridge, said: “This scheme promises to bring significant benefit to Brixton and Lambeth, providing quality homes on flexible and accessible terms. We’re grateful to all those who contributed to the public consultation, and to Lambeth Council for their support.”
Harry Green, Director at LGL, said: “Across London, there are countless under-utilised sites with the potential to house new communities. At Hardess Yard, we are excited to bring forward this transformational vision together with Mitheridge.”
Andrei Martin, Partner of PLP Architecture, said: “Drawing from our decade-long experience in delivering shared living projects, our vision for Hardess Yard expands the traditional co-living model by offering a vibrant multi-layered social core alongside state-of-the-art light industrial workspaces, all designed to empower residents to live, work and connect in a thriving new heart of Lambeth.”
Co-living will bring a new, community-focused housing option to Brixton, at a time when there is a critical undersupply of quality homes in the city. Hardess Yard is also targeting WELL Platinum and BREEAM Outstanding certifications, committed to contributing to the area’s environmental, social and economic landscape.
The scheme achieves a carbon target 28% above the London Plan’s targets. This is achieved through a high-performance building fabric, triple glazing, passive low energy design and low energy building services systems including mechanical ventilation and waste water heat recovery.
For More Information
Please contact Luke Roberts (lroberts@nepean.co.uk / +447403297251)
Investors
IR@mitheridge.com
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 LGL
LGL is a property development and investment firm with a focus on the residential sector and a strong track record in re-developing underutilised brownfield land into high-quality, and sustainable homes.
LGL’s experience includes conversion and new-build, residential-led mixed-use schemes as well as build-to-rent developments. The company has delivered over 2,500 units since being established in 1998.
About PLP Architecture
PLP Architecture is an energetic collective of architects, designers and researchers who value the transformative role of ideas and architecture’s ability to inspire. The practice is led by an experienced and dedicated group of partners who have worked together for more than three decades.
The practice has designed and delivered a wide range of projects around the world, producing intelligent, ground-breaking and exciting designs through a profound commitment to social, economic and environmental ideals.