London Square has acquired a build-to-rent (BTR) development site from Lendlease at Stratford Cross in East London for an undisclosed price.
Planning permission was granted in November 2023 for the delivery of 350 BTR homes on the site at Westfield Avenue, which is part of the Stratford Cross regeneration masterplan.
The scheme will comprise 272 BTR homes and 78 apartments for affordable housing, set in landscaped gardens with community amenities and 341.8 sq m of commercial space.
The mix of one-, two- and three-bedroom units will be spread across two 13-storey and 34-storey towers.
Adam Lawrence, chief executive officer of London Square, said: “There is a significant shortage of rental homes across the capital and we are committed to making a major contribution in the sector, a key part of our investment in delivering high quality homes of all tenures in the capital.
“A good rental supply is essential to encourage people to be able to work and live in a global city like London and our project at Stratford Cross will provide young professionals and families with a well-connected development in a revitalised neighbourhood.”
