London could see the completion of 5,000 affordable new homes over the next decade, as Alpamint Capital pledges to develop existing unused space in the capital.
The private investment, development and consulting firm has earmarked airspace development, utilising unused rooftops on existing buildings and converting them into new properties. To help the plans progress, the company is hoping to partner with London councils and management associations.
The manufacturing of airspace homes can be done mostly offsite to a high specification in a matter of days before being constructed on rooftops.
Joseph Zekaria, managing director of Alpamint Capital, said: “We’ve made substantial progress during the past decade and are determined to bring about further development.
“Building 5,000 new homes is an ambitious plan, and one we are intent on meeting through our strategic asset development and investment.
“We have enjoyed particular success through our airspace development model, which is an innovative solution to housebuilding and crucially doesn’t encroach on protected land.
“We’d encourage parties interested in partnering with us to get in touch as we have every confidence this approach can help accelerate London’s homebuilding goals.”
The group’s asset book now exceeds £30m, and it has developed a total of over 100,000 sq ft of residential space, together with investors including real estate specialists, Cubhill Ltd.
Several schemes across London and the South East have been established by Alpamint, in collaboration with investors and housing bodies, including the multi-million pound development of Clandon House, a 101-room site in Finchley, which is now set for residential use.