Newlonbuild Limited

The company’s principal activities are the design and build of properties in the North and East of London on behalf of its parent, Newlon Housing Trust (the “Trust”). The company also acts as a joint venture partner for the specific development projects that the Trust may be involved in. The profits generated by the company are generally gift aided to the Trust to further its charitable activities. The joint venture with Belmont Street JV LLP for Belmont Street, Chalk Farm London, commenced in the 2021/22 financial year and has continued to make good progress. The expectation is that it will complete in the 2024/25 financial year as planned and sales will be completed by end of 2025/26 financial year. New joint ventures, Barnsbury 1 LLP, Barnsbury 2 LLP and Barnsbury 3 LLP are partnerships between NewlonBuild and Mount Anvil to deliver estate regeneration at Barnsbury Estate. Barnsbury project will comprise affordable and outright sales units. The introduction of second staircasing for development over 18 meters in height has required us to revisit some of the plans. We are confident that we can now adapt our programme to meet new requirements and get the project underway in the 2024/25 financial year.