Developer Lovell has announced it will start work on a 362-home mixed-tenure scheme in Chadwell Heath later this year.
The firm said it had signed contracts for the £63.3 million project at Lymington Fields - a former Barking Technical College site - and expected to have delivered the new homes by 2017.
The land transferred to London Mayor Boris Johnson on 1 April last year, and the deal, which will see the construction 213 private-sale homes, 104 affordable-rent properties, and 45 shared-ownership homes, was procured by the Greater London Authority using the Homes and Communities Agency’s regional delivery partner panel.
Lovell regional director Peter Taylor said the Pollard Thomas Edwards-designed scheme would create an attractive new neighbourhood at a “key“ site.
“The development’s high-quality, well-designed family homes with gardens will include properties both for sale and rent as well as shared ownership homes for sale, providing an opportunity for local people to get on to the housing ladder,” he said.
Richard Blakeway, deputy London mayor for housing and land, said the deal was evidence of Johnson’s determination to speed up the release of public sites for development, boosting construction in the process.
“This development in Lymington Fields shows just how successful this approach can be, bringing new homes and jobs into the community,” he said.
Lovell said it expected to start work on the scheme at the end of summer, for completion by the end of 2017.
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