Collaborative Investment in London's Shared Living Venture by Bridges and HUB
In a significant move to address the housing crisis in major UK cities, Bridges Fund Management and HUB have joined forces to develop a large-scale, sustainable co-living scheme in West London. The project, named Sandringham Mews, will transform a currently underutilized car park into more than 300 high-quality homes, complete with shared amenities designed to foster community cohesion.
Located in the heart of Ealing Town Centre Conservation Area, Sandringham Mews is set to become a vibrant addition to the local community. The development aims for a BREEAM Excellent, potentially Outstanding, sustainability rating, demonstrating a commitment to eco-friendly living.
The ground floor of the project will be dedicated to retail space, providing an opportunity for local businesses to thrive. The shared amenities within Sandringham Mews include a communal kitchen, gym, cinema, co-working space, and sunken courtyards adorned with biodiverse planting.
Miles Keeley, head of acquisitions at HUB, expressed his excitement about the project, stating that it continues HUB's mission to transform under-utilised and well-connected urban sites into living-led developments. This initiative builds on Bridges and HUB’s ongoing co-living projects across West and East London, as well as in Bath, Somerset.
Simon Ringer, head of property funds at Bridges Fund Management, emphasized the importance of co-living in major cities, stating that it is an important part of the answer to the housing crisis. By repurposing underused sites into sustainable homes that also benefit the local community via improved public spaces and retail, they address both housing affordability and community vitality.
This approach aligns with Bridges Fund Management's primary focus on investments in lower-cost living, low-carbon logistics, and healthcare. The spokesperson for Bridges Fund Management emphasized that good housing is fundamental to enabling individuals to thrive and build stronger, more resilient communities.
Since 2012, the Bridges Property Funds have developed more than £2bn of assets across more than 70 sustainable real estate transactions. The Sandringham Mews development aims to create an asset that benefits the local community through new outdoor and retail space, further demonstrating their commitment to sustainable urban regeneration.
In conclusion, Bridges Fund Management and HUB's current approach to the housing crisis focuses on developing large-scale, sustainable co-living schemes in key urban areas like West and East London and Bath, transforming underused sites into vibrant, community-focused residential developments with shared amenities and strong sustainability credentials. This strategic pipeline aims to enhance neighborhoods while meeting housing demand and tackling the housing crisis not just as a quantity issue but by improving quality and community integration.
- Venture capital and development finance are being utilized by Bridges Fund Management and HUB to invest in the energy transition of real-estate, as they develop Sandringham Mews, a large-scale, sustainable co-living scheme in West London.
- In alignment with their commitment to sustainable urban regeneration, Bridges Fund Management is incorporating eco-friendly designs and amenities, like a communal kitchen, gym, cinema, co-working space, sunken courtyards, and biodiverse planting, into the housing development at Sandringham Mews.
- The Sandringham Mews development, which aims for a BREEAM Excellent, potentially Outstanding, sustainability rating, showcases Bridges Fund Management's focus on investing in lower-cost living, low-carbon logistics, and healthcare, as part of their strategy to address the housing crisis and foster stronger, more resilient communities.
