A major 50/50 joint venture between housebuilder The Hill Group and housing association Peabody has partnered with specialist real estate developer Goodstone Living to deliver 360 high-quality Build to Rent (BTR) homes at Dagenham Green.

The deal, valued at £116 million, is one of the largest in the BTR sector this year.

The new homes will be part of the first phase of a major regeneration project transforming the former Ford Stamping Plant site into a vibrant mixed-use neighbourhood. This initial phase of the Dagenham Green scheme will include 935 homes, with the wider development expected to deliver over 3,500 new homes, extensive public spaces, and key amenities.

Peabody's masterplan aims to create a sustainable, thriving community in East London, with the first homes slated for completion in 2027 and full project completion expected by 2028.

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The BTR development will feature a mix of one, two, and three-bedroom apartments across three residential buildings, ranging from 14 to 18 storeys. Situated close to Dagenham Dock train station, residents will benefit from direct connections to central London in just 20 minutes.

The homes will include energy-efficient systems and are targeting high environmental performance ratings, including EPC B, WiredScore Platinum, and Fitwel 3-star certifications. Amenities will include fitness and co-working spaces, concierge services, private dining areas, and landscaped podium gardens overlooking a new urban park.

Goodstone Living, which is behind the development, is working through its first managed investment vehicle, Goodstone Living Partners 1 (GLP1), which is capitalised by Macquarie Asset Management and the Northern Local Government Pension Scheme. This partnership brings the total number of next-generation BTR homes under construction across Edinburgh, Birmingham, and London to approximately 1,300.

The Dagenham Green project also supports the local community with a mix of accessible, high-quality rental homes, making it one of the most affordable BTR developments in London. The project aims to cater to private renters in the area, offering homes at prices within reach for the majority of the local community.

Peabody's wider 45-acre masterplan will provide a host of amenities, including an urban park, lake, children’s play areas, community gardens, and new infrastructure such as a secondary school, medical centre, and market square. These features are designed to enhance the area's biodiversity while supporting the growing neighbourhood.