Galliford Try signs East London 1,100 homes deal
Galliford Try has signed a development agreement with the Greater London Authority to secure planning and construct the £380m Silvertown Way development in Canning Town, East London.
The development ranks as the largest standalone housing scheme that Galliford Try has undertaken.
It will see the firm deliver 1,100 mixed tenure homes across 11 individual blocks at the site to the south of the Royal Docks.
The 5.9 acres hectares development site is bounded by Silvertown Way to the east and the railway line to the west with the northern boundary connecting to the A13 and Canning Town underground station.
Galliford Try will deliver the scheme through an existing joint venture vehicle with Thames Valley Housing Association, with a third of the homes for private rent through the housing association’s subsidiary Fizzy Living.
It house building businesses, Linden Homes and Galliford Try Partnerships will be responsible for undertaking the development, which is proposed to include a hotel, restaurant, employment and commercial space alongside the new homes.
Greg Fitzgerald, Galliford Try’s Executive Chairman, said: “I am delighted that we have been able to work with all the stakeholders involved in this project to reach an agreement, and deliver much-needed new homes for London.
“As well as being a hugely significant project for our company, Silvertown Way will be a flagship regeneration project for East London, and we are committed to providing high-quality housing of all tenures for the local community.”
Aaron Morby | Tue 30th June | Construction Sales