Construction News

11/03/2015

East London Site Released For New Housing

The Mayor of London has announced plans to "fast track" around 2,000 new homes in east London.

The homes are to be built on the site of a former Parcelforce depot on Stephenson Street at West Ham in Newham. It is the latest site in the Mayor's ownership to have been released for housing.

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A number of sites came under the control of Boris Johnson in 2012.

"With London now home to more people than ever before, housing supply and affordability is our biggest challenge. By seeking a development partner for the Stephenson Street site we hope to entice investors and developers to come forward and build quality homes for Londoners," he said.

It is understood that approximately a third of the new homes to be built on the site will be used for long-term private rent, with the remainder to be used as affordable housing for sale or rent.

(MH/CD)

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