The London Legacy Development Corporation (LLDC) has formed a 50/50 joint venture partnership with Vistry Group for the delivery of 948 new homes in Pudding Mill Lane, Stratford.
Situated adjacent to Pudding Mill Lane DLR station, the development will also feature 30,000 sq m (circa 322,000 sq ft) of commercial space, including retail, community and leisure uses.
A minimum of 45% of the new homes will be affordable and a high proportion of family housing will be included.
Construction of the first phase is anticipated to start in early 2026, with completion of the overall scheme scheduled for 2033.
Greg Fitzgerald, chief executive of Vistry Group, said: “This is a fantastic opportunity for our partnerships business to revitalise this area of East London and create a thriving and sustainable new community. We are very pleased to be working in partnership with the LLDC and the GLA to provide the mix of high-quality new homes that residents desperately need, alongside the infrastructure, facilities and socio-economic opportunities required to support them.”
Rosanna Lawes, executive director of development at LLDC, added: “It’s exciting to move forward with the development of Pudding Mill Lane. The joint venture partnership with Vistry means that we can rapidly build on the Park’s successful legacy to create another thriving and sustainable community. Quality design is at the heart of the scheme both in well-designed and sustainable homes, in high quality public realm, amenities and significant workspace that creates truly successful places.”
LLDC was advised by Deloitte and Herbert Smith Freehills.
