A 17-ha site, part of the London Riverside Opportunity Area in Dagenham, has been acquired, with plans to develop a mixed-use scheme which will include 2,500 homes.
Dagenham Dock – a joint venture between land promoter St Congar and real estate fund manager Europa Capital Partners – announced the acquisition of the former Ford Stamping Plant off Thames Avenue at the end of May 2016.
The disused site, previously operated by the Ford Motor Company, is within the area earmarked by the Greater London Authority (GLA) as a key location for homes, jobs, infrastructure and growth.
The emerging plans seek to create a mixed-use, residential-led scheme comprising around 2,500 homes. The developers said the scheme should serve as a catalyst for the opportunity area and integrate with the neighbouring Beam Park development.
Steve Taylor, director at St Congar, spoke of the area as “one of the most exciting Growth Opportunity Areas in London”.
“We very much look forward to working with Barking and Dagenham Council, the GLA, Ford Motor Company and the local community on the remediation and future regeneration of the site," he added.
Barking and Dagenham Council leadership welcomed the acquisition of the site.
Councillor Dominic Twomey, deputy leader and cabinet member for finance, growth and investment, said: “The former stamping plant has enormous potential for new homes and businesses as well as culture and leisure facilities, which will in turn drive the improved transport links. So, we look forward to working with Dagenham Dock to bring their plans to fruition.”
Councillor Darren Rodwell, leader of the council, added: “Dagenham Dock’s plans for the site support our ambition to generate growth that will benefit local people and, at the same time, accelerate the capital’s development eastwards. It confirms our position as London’s growth opportunity.”
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…