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Galliard Homes JV plans residential-led scheme in London

Galliard Homes Ltd teamed up with housing association Catalyst to build 604 homes and public facilities on the site of the former Wimbledon dog track in London at a gross development value of £350 million, Property Week reported, citing Stephen Conway, executive chairman of the U.K. developer.

The 500,000-square-foot site, which was granted planning consent in December 2017, will also include a new football stadium for AFC Wimbledon. Over half of the space will be handed over to the football club, and the developer will contribute £14 million in construction costs for the club's return to Plough Lane, according to the March 1 report.

The development also includes an 18,000-square-foot leisure facility and 4,000 square feet of retail space, with the homes bordering the 11,000-seat stadium. As part of the deal, Catalyst will buy 177 planned shared-ownership homes, as well as 117 of the private sale units, upon the project's completion. Before partnering with Catalyst, Galliard Homes had planned 60 shared-ownership homes.

The stadium is slated for completion in autumn 2019, while the residential units are expected to complete in early 2021, the report added.