Weston Homes has struck a deal with Estates & Agency Properties to deliver a £300 million 'urban village' waterfront development in Barking.
The housebuilder will acquire two neighbouring land sites, extending to six acres, on the edge of Barking Town Centre at Abbey Road.
As well as building over 1,000 homes though a mixture of tenures, proposals also include the transformation of the riverside and the provision of a range of community based activities including a new riverside gastro-pub/restaurant and retail space. The redeveloped site will have a waterfront promenade, pedestrian pathways and landscaped grounds.
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Weston Homes intends to submit a full planning application this summer. The application will be one of the largest submitted to Be First, London Borough of Barking & Dagenham's urban regeneration company.
Bob Weston, Chairman and Chief Executive of Weston Homes, said the regeneration forms part of the borough council's vision of bringing aspirational waterfront living and regeneration to Barking.
He added: "Attracting new people and inward investment, this new residential destination for Barking will provide private sale homes and much needed affordable housing for local people and families on lower household incomes."
(LM)
