The approval has been granted by Tower Hamlet’s Council and London Thames Gateway Development Corporation. The project involves redevelopment of a seven acre Aberfeldy estate in the London Borough of Tower Hamlets, which will provide 1,176 homes, shops, healthcare and community facilities.
The regeneration of the Aberfeldy estate will replace the 1950s-built houses with new homes and better living environment for residents, which will be rendered by means of new shops and open, green spaces for recreation.
The project will be developed as a joint venture between Regen, a development arm of Willmott Dixon, and Poplar HARCA, a UK-based housing and community regeneration company. The project will be staged in six phases and will be completed in a time-frame of 12 years. The development will meet Level 4 of the Code for Sustainable Homes.
The companies have secured detailed planning approval for phase I of the development, which will entail an investment of £40 million ($62.15 million) and has been designed by UK-based architectural practice Levitt Bernstein Associates.
The phase I involves development of 342 new homes, which will be a mix of private sale, shared ownership and affordable rental units. The phase I, which also involves development of retail spaces, will be developed at the eastern end of Aberfeldy.
