We’ve secured affordable, circular economy workspace for the local community, guaranteed for 99 years!
What does this mean?
The partnership between Halcyon and the HWFI CDT is bespoke, and came about through early engagement during the planning process and a recognition that development can and should create meaningful long-term benefits for local communities.
Within the development, the HWFI CDT will benefit from a rent-free arrangement for a minimum term of 99 years. This provides an unprecedented level of flexibility for the HWFI CDT to fulfil its ambition to secure the space and affordability that local creative entrepreneurs require to invest in the neighbourhood.
The creation of a long-term home for the HWFI CDT on Wallis Road will ensure that Hackney Wick continues to appeal to the creative industries as a place to thrive and develop new ideas.
It is hoped that this partnership provides a blueprint for London, and that more partnerships like this between developers and community providers can be facilitated to provide new homes whilst also benefitting other aspects of the wider community.
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The London Legacy Development Corporation, in exercising its planning powers for a final time before the recent transfer back into the control of the four Olympic growth boroughs, granted permission for Halcyon’s plans for 115-119 Wallis Road.
The site is part of the wider regeneration aspirations for Hackney Wick, which were originally drawn up in 2016 through a strategic masterplan. 115-119 Wallis Road currently includes three mid-century warehouses adjacent to the historic Eton Mission Rowing Club.
The site will be redeveloped to make way for a new building (pictured above) comprising 337 co-living homes alongside a new 7,000 sq ft, long-term home for the Hackney Wick and Fish Island Community Development Trust, on the site where we’re currently running circular economy hub The Loop.
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The HWFI CDT are currently operating an initiative known as The Loop in the warehousing on the Wallis Rd site, innovating the concept of a ‘circular economy hub’. It offers affordable workspace to local entrepreneurs focused on developing the next generation of net zero and ecologically purposed businesses.
The redevelopment will enable the HWFI CDT to set up a new long-term home on the site, further developing a groundbreaking, low impact circular high street model that has already picked up significant interest from other areas.
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Build it with us! Reach out…
Neil MacLeod, Founding partner in Halcyon (and local resident)
“We are thrilled to confirm that planning permission has been granted for our Wallis Road site in Hackney Wick. Alongside securing the regeneration of this key site we are looking forward to providing the Hackney Wick and Fish Island Community Development Trust with a long term home on the site, enabling fantastic opportunities for Hackney’s creative industries. This is a partnership we hope can be replicated across the development sector in London ensuring that local people benefit meaningfully from development”
Patrick Scally, Executive Director at Hackney Wick and Fish Island Community Development Trust
“To preserve the rich social fabric of Hackney Wick, we believe that the community should not just be beneficiaries, but owners of the change they see in their neighbourhood. This site will deliver against that mission and sends a signal for all in the development sector to hear. The time is now to believe in our communities, give our communities voice and let them truly shape their future. We thank Halcyon DP and the LLDC for supporting this vision and working towards a more equitable future for East London.”
