A 28-storey tower containing 198 build-to-rent apartments is to be developed next to Barking station.
Patrizia UK announced on 17 June 2016 it had acquired Trocoll House from Coplan Estates. The developer plans to create a 13,935sq m tower, which will feature 92 one-bedroom and 106 two-bedroom apartments designed specifically for the private rental sector.
The scheme will also provide basement car parking space, three rooftop garden areas, 631sq m of amenities and three retail units across 1,170sq m.
James Muir, managing director at Patrizia UK and Ireland, said: “This transaction is in line with our build to rent strategy of targeting urban centres with strong demographic fundamentals, while adding further weight to the company’s focus in the sector, which now sees us managing residential investments across Europe.
“Trocoll House will offer high quality, larger-than-average rental apartments with great amenities and spaces that have modern day living trends in mind, located in a thriving part of London.”
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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…