Developers and borough officials have marked the start of work on Barking's London Road development, which will create 150 jobs at a new Asda supermarket as well as providing 100 new homes.
Bouygues Development managing director Nicolas Guerin, Bouygues UK chairman Madani Sow, and Barking & Dagenham Mayor Councillor Hardial Singh officially launched the groundbreaking ceremony for the development, which is scheduled for completion in 2015.
As well as creating new jobs, the new Asda store’s 40,000 sq feet sales floor will make it 30 per cent bigger than the town’s existing branch. It will also boast 350 parking spaces.
Earlier this year, Bold Magazine revealed that residential-investment specialist Grainger had bought the development’s housing element for private rentals.
Councillor Cameron Geddes, Barking’s regeneration lead, said the London Road scheme was an important example of the authority working in partnership with the private sector to generate growth.
“It will deliver new town centre parking, jobs and housing and will contribute to the economic growth of the borough and revitalisation of the town centre,” he said.
Bouygues’ Guerin said the scheme was a “true” mixed-use project.
“As a company we strive to go above and beyond to support the local community and look forward to working with Barking & Dagenham Council on new regeneration schemes which employ local people and skills in the same way as our London Road development,” he said.
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…