L&Q to build 10,800 new homes for Londoners at Barking Riverside
London & Quadrant ,one of the UK’s leading housing associations and one of London’s largest residential developers, announced that it will build a new development with Greater London Authority partnership on the 179-hectare former Barking power station site in east London.
The development will create a new town the size of Windsor. It will deliver 10,800 new homes for Londoners, around a third of which will be affordable. It will also include 65,000 square metres of commercial, retail and community facilities, one secondary and up to four primary schools, public squares and walkways, and major new highway infrastructure.
David Montague, Chief Executive, said:
“We’re delighted to help lead one of the largest and most ambitious regeneration schemes in Europe. Barking Riverside will make an enormous contribution to support efforts to increase housing supply in the capital. We’re setting out to quadruple the speed of delivery of new homes and that starts with investing in the critical transport infrastructure to connect Barking Riverside with the rest of the capital. The scheme is a significant step in delivering our promise to build a pipeline of 50,000 new homes in the next 10 years.”
The Mayor of London, Boris Johnson MP, said:
“This former power station site is now ripe and ready not only to deliver thousands of new much-needed new homes, but creating jobs and growth in a whole new bustling town in east London.”