Plans to deliver 3000 new homes across the capital have been outlined by London’s Mayor and by housing minister Brandon Lewis in two separate announcements this week.
Mayor Boris Johnson is inviting members of the London development panel to come up with proposals to regenerate a 29ha tract of empty industrial land in Rainham with a new neighbourhood of nearly 2000 new homes plus a train station. Beam Park is one of the largest areas of land earmarked for development owned by the Mayor and the last major site to be released for development. Thirty five percent of homes on the development are expected to be affordable.
London deputy mayor for housing and land, Richard Blakeway, said: “We’re looking for some truly visionary proposals in response to this exciting opportunity.”
Also this week at the London Real Estate Forum, housing minister Brandon Lewis announced three deals to provide more than 1,000 new homes for private rent in London under the government’s £1bn Build to Rent fund.
The latest agreements will mean £252m is invested in building 1,353 homes for rent at sites including:
- 903 homes at Stratford’s Olympic Village
- 278 homes at Newington Butts in Southwark
- 172 homes across sites in Hammersmith, Westminster and West Kensington
Construction will start directly and be complete in 2017 and 2018. Each site will include a mix of one, two and three bedroom homes.