Optivo has been selected by Transport for London (TfL) to deliver more than 150 new homes, including at least 50% affordable housing, in Tower Hamlets.
Optivo has been selected chosen to bring the site forward using the Greater London Authority’s ‘London Development Panel 2’ (LDP2) and will start detailed design and consult with the local community before a planning application is submitted.
The site is next to Bow Church DLR station, providing access for new residents to the public transport network.
As well as providing new homes, the plans will improve the public realm with improved landscaping, facilities to encourage sustainable modes of travel, including cycling, and provide new commercial space to support the local economy.
Paul Hackett, chief executive of Optivo, said: “We’re delighted to have been selected by Transport for London to work with them for the first time together on this site, and we’re committed to building the homes that the capital desperately needs.
“We’re determined to do all we can to tackle the housing crisis in London by bringing high quality, affordable homes to local communities.”
Jonathan Cornelius, head of Property Development at TfL, said: “We’re excited to be working alongside Optivo at this prime location in Bow.
“Working together, we hope to provide new affordable homes as well as improvements for the local community, such as new commercial space to support the economy.
“This is another example of our housing programme’s progress – with work having started on almost 1,500 homes and thousands more in the pipeline.
“Through partnerships such as these, we are delivering thousands of new affordable homes, creating thousands of new jobs and generating vital revenue to reinvest in the transport network.”
Optivo is a member of the G15 group and manages more than 45,000 homes across London, the south east and, the Midlands.
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