The redevelopments of Walthamstow and Twickenham stations have been given a boost after real estate developer Solum Regeneration announced today it has secured £59m of funding from NatWest.
The project will result in 79 new homes being built above an improved car park at Walthamstow. That will be the second phase of a larger Solum development, where a further 69 homes were built. Some 50 per cent of the latter were affordable.
A further 115 new homes, along with new retail space, 450 cycle spaces, electric car charging points and car parking, will be installed at Twickenham. The new station will feature lifts to the platforms, and a considerably larger ticket office.
Solum, a joint venture between Network Rail and Kier Property, said it had secured the £59m of NatWest funding to revamp the stations by building new mixed-use developments.
NatWest real estate director Ashley Toy, said the funding "reflects the consistent and sustainable approach NatWest has to providing finance in the residential development sector, building on the first two Solum projects funded in 2010".
Solum's redevelopment of Epsom station, which opened in 2013, was also funded by NatWest.
Peter Hughes, director for Solum, said:
These developments will bring value to the underused station land at Walthamstow and Twickenham, significantly enhancing the area as a result.
Our wider aim is to deliver high quality mixed-use destinations at train stations, which leave a legacy of enriched experiences for the community, whilst building much needed new homes.