The main contractor for a “landmark” private sector residential scheme overlooking the Olympic Park in Stratford has been appointed.
Titan Group was awarded the contract for the One Eighty scheme, a 26-storey tower that will provide166 homes in mixed-use development.
The borough of Newham has the second highest proportion of private renters (39.8%) in London after Westminster, with more than 32,000 people now renting from private landlords.
One Eighty is expected to “help ease local demand” and drive regeneration efforts in the area, according to its developers.
Aberdeen Asset Management bought 180 Stratford High Street from Long Harbour for around £60 million, representing one of the largest ever single purchases of existing stock in the private rental sector in the UK.
Titan Group were originally engaged by Long Harbour to bring the scheme to a standard where it was capable of being privately rented, with initial works involving the full refurbishment of 166 part-built residential units and associated communal areas.
The Phase 2 works represent an extension of Titan’s long-standing involvement with the scheme, and add to the company’s expertise within the UK’s growing private rented sector.
The programme includes the remodelling of the back of house areas, installation of tenant amenities, refurbishment and upgrade works to the penthouses and general mechanical and electrical (M&E) installation.
Works commenced on-site in March ands scheduled to finish after a demanding 20-week programme, with practical completion expected in late August 2015.
“We are delighted to be awarded this contract and very much look forward to working closely again with Long Harbour to deliver this exciting phase of works within the stipulated time frame,” said Oliver Hutley, Titan Group’s managing director.