On September 6th the Mayor of London Sadiq Khan gave the green light for our reworked masterplan for the east London area with a target of 50 per cent affordable housing.
The proposal, hailed as the single largest regeneration scheme in the capital, is in line with the Mayor’s aim to make half of all new homes built in London affordable.
Khan said: ‘Barking Riverside has enormous potential to deliver thousands of the much-needed homes Londoners so urgently need. I’ve made it clear that tackling London’s housing crisis is my number one priority. Fixing this problem will be a marathon, not a sprint, but developments like this one will play a huge part in our efforts to provide genuinely affordable homes to buy and rent.’
Alex Lifschutz commented: ‘We’re delighted that the scheme is moving forward, it represents a great opportunity for the open land south of Barking Town Centre to achieve its full potential. We are also encouraged by the Mayor’s commitment not only to new housing, but the appreciation that new housing can only exist within an infrastructure that makes a great place to live.
’This scheme takes advantage of the site’s unusual topography and industrial heritage – a hill town built on the Crossrail spoil, a wildlife park under electricity pylons, a vast jetty for events and markets all set looking south over the Thames.’