Advised by national property consultancy Carter Jonas, Countryside Partnerships and L&Q have sold Block B2 at Phase 8.2 of the project to Cheyne Impact Real Estate.

Block B2 comprises 45 residential units amounting to 32,067 sq ft in a mix of one- and two-bedroom apartments and maisonettes, including accessible units.

At Acton Gardens, Cheyne Impact Real Estate will continue its strategy of delivering additionality and inclusivity by providing a professionally managed private rental offering to a mix of private and key worker tenants on a tenure blind basis.

The key workers will pay a discounted rent, calculated to be affordable and sustainable based on their net disposable income.

This will introduce a new affordable tenure type to this Acton Gardens phase, which elsewhere caters for private sale, other affordable rental tenures and shared ownership properties.

In addition, irrespective of private or key worker, all residents at the block will benefit from capped rental increases, thus creating longer term sustainability in a market where increasing household costs are putting financial strains on individuals and families.

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Completed in the summer of 2023, the first section of Phase 8.2 at Acton Gardens has so far delivered a total of 98 new homes, including 32 affordable rent and 21 shared ownership homes on the site of the former Barwick House and South Acton Working Men’s Club.  

Acton Gardens is a 52-acre comprehensive redevelopment of the former South Acton estate in west London — a £800m investment creating 3,463 new mixed-tenure homes.

The development delivers 50% affordable housing and more social rent homes than previously existed on the estate before the project commenced.  

Daniel King, managing director at Vistry Group West London, said: “We are proud to have partnered with Cheyne Impact Real Estate to further improve the range of tenure options available at Acton Gardens through this transaction.

“The 45 new rental homes will complement the 50% affordable housing and private homes that we are delivering at the regeneration, all of which is being built tenure blind, with Cheyne’s professionally managed offering providing a high-quality rental option.

“The discounted rent available for key workers and capped rental increases was a crucial element of this partnership, and will further improve the inclusivity and equity of Acton Gardens.”