Investment: London Redbridge Seeks Partner for New Community Hub Development February 20th, 2024 Mya Driver The London Borough of Redbridge is on the hunt for a private partner to bring a new community hub to life, alongside the development of adjacent land. This initiative aims to enhance the local community with a focus on the Seven Kings area.Located in Ilford, the borough is offering a prime opportunity for developers to engage in a project that promises to bolster local amenities and housing. The project centres around a 0.71-hectare site, encompassing the Seven Kings Bridge Car Park, public conveniences, and a location at 672 High Road, Seven Kings, Ilford.This development is not just about erecting a building; it’s about creating a hub of at least 1,800 square meters to meet the borough’s specifications. Upon completion, the developer will be granted a 999-year lease to operate the hub for a nominal rent, showcasing the council’s commitment to long-term community investment.But there’s more to this project than the hub. The selected developer is also tasked with creating a mixed-use residential complex on the site, adding value and vibrancy to the area. The borough stresses the importance of including affordable housing within this development, although it remains open to various proposals that align with planning permissions.The total value of this ambitious project is estimated at £8 million, excluding VAT. This figure primarily covers the cost of the community hub, leaving the door open for developers to explore and capitalise on the broader development potential of the site.Redbridge Council is facilitating this tender process with a clear vision: to invite bids that not only reflect the land’s value but also contribute to the community’s growth and wellbeing. Interested parties are encouraged to submit their applications by 18 March 2024.This project represents a unique chance to shape the future of Seven Kings, offering both a significant community asset and a lucrative development opportunity. The council looks forward to fostering a partnership that will deliver this vision, enhancing the lives of residents and setting a benchmark for urban development.