Bouygues Development's Ice House Quarter at Barking's creative industries quarter launched yesterday to an audience of key investors in the ongoing regeneration of the town.
The residential-led development features 272 apartments above 1,500sq m of space for creative and commercial use, available for short and long-term hire.
The Creative Industries Quarter is located on the River Roding to the east of Abbey Road and sits adjacent to listed heritage buildings The Malthouse and The Granary.
The aim of the project is to create a quarter that will provide affordable studio space to help support the development of start up businesses and create an identifiable location for creative businesses and entrepreneurs.
It was developed in partnership with the Greater London Authority.
David Lunts, executive director of housing and land at the GLA, said: “Barking continues to be London’s best kept secret.
“Bouygues Development have been great long-term partners for this scheme and Barking and Dagenham have done a terrific job with new-build housing, so I’d like to offer them a compliment here.
“I have no doubt that plenty of positive things will continue to happen over the next few years.”
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…