Award-winning housebuilder Hill is celebrating after plans to build 300 new homes as part of a £100 million regeneration scheme at Lea Bridge Road in East London were given the green light.
The UK housebuilder has won planning approval from the London Borough of Waltham Forest to construct a residential led mixed-use development, which will include 62 affordable properties.
Work on the development will start in the autumn 2016 and the first apartments will be launched for sale in early 2018.
The scheme is a significant milestone for Hill, which has a growing pipeline of projects in London, and demonstrates the housebuilder’s growing reputation within the industry for major urban regeneration projects.
Designed by Pollard Thomas Edwards Architects, the scheme comprises three residential towers set around a landscaped central courtyard, with 21,000 square feet of ground floor commercial space and a gym.
Situated between the major destination centres of Stratford, Walthamstow and Lea Valley, the development is adjacent to the recently re-opened Lea Bridge Rail Station. The Victorian station first opened in 1840, but closed in 1985, and re-opened in May.
Andy Hill, chief executive at Hill, said: “East London remains one of the Capital’s most exciting areas for regeneration. We’re tapping into this growing momentum, bringing homes, offices and a host of amenities to an area which previously suffered due to a lack of investment.
“Working closely with the London Borough of Waltham Forest, these proposals will breathe new life into the area, becoming a catalyst for further regeneration and investment. This site is just the latest instalment of our growing London portfolio and we are set to announce further new schemes across the capital this year.”