Abbey Retail Park in Barking town centre will be the location for a scheme featuring 600 build-to-rent homes, along with commercial and open space.
The council has given the go-ahead to plans lodged by developer be:here, which will deliver 597 properties specifically designed for rent and 1617sq m of flexible commercial space in two levelled blocks between six and 15 storeys.
The scheme, located on 1.57 ha of the 3.64-ha park, will also provide public open space, car and cycle parking.
Ian Anderson, executive director at Iceni Projects who advised on the project, told Property Week: "This is a flagship build-to-rent scheme in a borough that is fast emerging as a major growth opportunity area.
“To receive no objections at all on a major scheme is unheard of but testament to the quality of the scheme and the collaborative approach between the project team, the council and community stakeholders.
“We hope it encourages other developers to invest in Barking, as well as attracting new people to the area to live and work.”
The scheme will now be referred to the GLA, the property publication reported.
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…