Fifteen hundred homes could be built at East India Dock in London in one of the largest private rental schemes in the UK.
Property investor Criterion Capital is to launch a public consultation for plans to redevelop an eight acre estate currently comprising four office blocks. The plan is to construct buildings of between eight and 38 storeys tall and proposals also include new cafes, shops, a gymnasium, parkland and space for small businesses.
Plans will see the regeneration of Anchorage House, Capstan House, Lighterman House and Mulberry Place in East India Dock. Buildings are to be delivered in a number of phases, with Mulberry Place continuing to operate as Tower Hamlets town hall until its relocation to Whitechapel in six years' time.
Criterion Capital’s head of development Michael Hughes said: “We aim to achieve a size and scale of development that not only makes a material contribution to London’s housing stock, but also creates a thriving and sustainable community.
“This scheme represents the antidote to the ‘lock and leave’ culture evident in so many of the capital’s residential developments, which does nothing to alleviate housing shortfalls,” he added.
The developer is set to submit its plans to the local council later this autumn. Members of the public keen to find out more are invited to a public exhibition on Tuesday 16 and Wednesday 17 September at Lighterman House.
Criterion Capital claims to be one of the most active operators in the private rental sector. East India Dock is the company’s largest such investment to date and follows on from similar schemes at Delta Point in Croydon and at the Ford headquarters in Basildon.