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The future of 486 affordable homes across central London has been secured through the completion of a 150-year lease extension between Grosvenor and Peabody.
Grosvenor has let nine buildings as affordable homes to London’s largest housing association since the mid- 1920s and they form a large proportion of the c.700 affordable homes we support in the capital, a portfolio larger than the c.530 apartments we let on the open market.
This extension underlines our commitment to protecting affordable housing where it is most expensive to live and will also see Peabody invest in sustainability enhancements including retrofit and energy efficiency measures. These will make the largely historic portfolio of buildings more climate resilient and comfortable and help better manage energy costs.