Avanton acquires London sites for £121m

A new residential developer made up of former directors at Barratt and Berkeley Homes has made a splash with the acquisition of two sites for a combined £121m, with capacity for around 1,500 homes.

The new property company, Avanton, is now on site at York Road, Wandsworth, SW11, where 300 homes are under construction on a former Homebase site (main picture). Avanton exchanged contracts on the site in February 2016 for £69.18m.

It also acquired another site in 2017 on Old Kent Road, SE15, for around £52m. An EIA application was submitted in January 2018 for the