Newham & Southwark are to benefit from the acceleration of thousands of new homes.

Published on 14^th February 2024

Communities in the London boroughs of Newham and Southwark are to benefit from the acceleration of thousands of new homes, across three major brownfield regeneration projects, through a pioneering partnership.

Reflecting the strong need in London for affordable homes, 40 per cent of the new homes on two of the sites, which have planning permission, are to be genuinely affordable for local people. The first homes should be ready in 2027 alongside retail and leisure facilities.

The three projects are:

• Twelvetrees Park, Newham. The 26-acre site is being transformed into a mixed-use neighbourhood including close to 4,000 homes, of which 40 per cent will be affordable, a secondary school, park, playground and 177,000 square feet of commercial space. The funding will support the second of four phases to regenerate the former depot and coach park.
• Bermondsey Place, Southwark. Nearly 1,400 homes, 40 per cent of which will be affordable, created across a 5.4-acre former light industrial site, alongside a network of public parks, playgrounds, commercial spaces, footpaths and a one-acre civic square. Funding will bring together several parcels of owned land to ignite progress.
• Beckton Riverside, Newham. Up to 2,800 private and affordable homes, subject to planning consents, will be created under the first phase of delivery across a larger site of 28 acres. Following planning consent, the funding will expedite vital infrastructure works on the former gasworks.

Read More here: https://www.gov.uk/government/news/major-regeneration-investment-to-accelerate-8000-new-homes-in-newham-and-southwark?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=e382ed9a-e608-4980-b28e-e949420a05b8&utm_content=daily