Dolphin Living is pleased to announce its acquisition of the New Era Estate in Hackney, which has been providing accommodation for working Londoners since its construction in the 1930s.
The announcement followed talks between the vendor, Westbrook Partners, the Greater London Authority, local Member of Parliament, Meg Hillier, and the London Borough of Hackney over the future ownership of the Whitmore Road estate, and how best to secure its future as homes for working Londoners on a range of household incomes.
Jon Gooding, Chief Executive, Dolphin Living comments: “We are delighted that the after long negotiations, we are able to secure the legacy of the New Era Estate as a community which is affordable to working Londoners.
“The deal we have reached will help us to deliver on our primary objective, which is to provide high quality, rented homes for working Londoners and to guarantee the future of the New Era Estate.”
Completion of the acquisition will take place today with Dolphin Living taking over ownership of the estate, which comprises 96 flats and 12 small retail units. The Benyon Estate will continue to provide management services during a transitional period to ensure service standards are maintained whilst also handing over to Dolphin Living’s own property managers.