Chartway steps in to build Essex homes after ilke collapse

Alternative asset manager Gresham House has struck a deal with South East housebuilder Chartway Partnerships Group for the completion and delivery of the remaining homes at the Hope Green site in Stanford-le-Hope, Essex. The move comes after ilke Homes, which had a £44m deal in place to develop the site, entered into administration in 2023. With all modular units already on-site, Chartway will deliver 117 of a total 153 shared-ownership homes. The deal will continue to be funded by Gresham House Residential Secure Income, a limited partnership investing in shared-ownership housing. The new developer will deliver the homes to the same specifications as previously planned, with completion expected by next winter. Hope Green will comprise 138 houses and 15 flats, ranging from two to four bedrooms, with 101 of the homes being operationally net-zero-carbon, using technology including air source heat pumps and solar panels. Another 21 of the homes will be built to an even more advanced “zero bills” standard, making them fully self-sufficient. The scheme also includes green open space and access to private gardens. The site is located a 10-minute walk from Stanford-le-Hope railway station, which provides access to central London within an hour. Steve Cresswell, chief executive at Chartway, said: “The project will deliver much-needed shared-ownership homes in an area where affordability is a particular challenge, while leading the way with high-quality, innovative and sustainable homes.” To send feedback, e-mail evelina.grecenko@eg.co.uk or tweet @Gre_Eve or @EGPropertyNews Photo © Gresham House