1,000 Homes For Former Holloway Prison Site

Housing provider Peabody has purchased the HMP Holloway site from the Ministry of Justice and plans to build 1,000 new homes on the site.

The deal was secured with the help of a loan from the Mayor of London’s Land Fund. The 10 acre site will be developed in partnership with London Square and will include 60% affordable housing plus new retail units and green space.

Peabody Chief Executive Brendan Sarsfield said: “We are committed to working with LB Islington and the GLA to deliver an exceptional new housing scheme on this historic site. We are pleased to confirm we will deliver 60 per cent level of genuinely-affordable homes integrating existing Islington communities with a new Peabody estate.

“As well as providing new homes we will also ensure social infrastructure and placemaking are at the heart of our proposals. We are pleased to be working with London Square which is a continuation of our longer term relationship across a number of sites in London.”

HMP Holloway closed in 2016 but has been earmarked for housing use since 2015. The provision of 1,000 new homes will have a significant impact on housing supply in this densely populated part of London. Work is expected to begin in 2022 with completion of the first homes in 2026.

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Source Peabody
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