Peabody acquires Holloway Prison for £82m

Peabody has acquired Holloway Prison, N7, from the Ministry of Justice for £82m. The housing association will work with resi developer London Square to deliver more than 1,000 homes on the 10-acre site. The duo have proposed a 60% affordable housing scheme, with green spaces, local shops on Parkhurst Road and Camden Road, and a women’s centre. The proposals are in line with planning guidance from Islington Council, issued in 2018. The acquisition follows the MoJ’s plans to sell the site to A2Dominion and London Square last year, which subsequently fell through. The Peabody acquisition was backed by a