Newham Council has signed off on the revised masterplan for the Silvertown development in London’s Royal Docks.
The scheme will now include 30% affordable housing by habitable room, which updates the original outline consent from 2016.
The first phase of development at Silvertown will deliver 1,032 homes with more than half designated as affordable housing.
Set on a 60-acre site that has been largely derelict for more than 40 years, Silvertown will ultimately deliver close to 7,000 homes, workspace, restored heritage buildings including Millennium Mills, in addition to shops, restaurants, cultural venues and an activated dockside.
Lendlease and The Guinness Partnership are delivering the development in partnership with the GLA, Homes England, the Royal Docks and the London Borough of Newham.
The project has benefited from £233m in infrastructure loan funding from Homes England to unlock the site’s potential.
Jess Wallis, development director at Lendlease, said: “This is an exciting moment for Silvertown. The first homes are ready, new residents are moving in, and the new cycle bridge will make it easier for everyone, new and long-standing residents alike, to connect with the wider city. From the beginning, we’ve focused on delivering affordable homes early and making sure local people feel the benefits right away. Silvertown’s future is being built with and for the local community.”
Tom Copley, deputy mayor of London for housing and residential development, added: “The Silvertown site lay derelict for 40 years, evading attempts by successive governments and mayors to regenerate it. It is now set to become a thriving new neighbourhood in the heart of the Royal Docks and I am delighted that Newham Council has approved the masterplan – a key moment as we look to deliver this exciting scheme. With residents set to move into the first new affordable homes, it is fantastic to see this development progressing as we look to transform this part of the capital and deliver a vibrant place to live, work and visit.”
