UK residential developer Weston Homes has unveiled plans for a major new London development site for a total investment of £300 mln (€343 mln).
The housebuilder has agreed with Estates & Agency Properties Limited to acquire two sites that are part of the former Abbey Retail Park, where it envisages the creation of over 1,000 homes as well as a new riverside gastro-pub/restaurant and retail space.
Weston Homes intends to submit a full planning application in the summer of 2018, with construction planned to start on site during 2019.
Bob Weston, chairman & chief executive of Weston Homes said: 'The regeneration of this important Gateway site into a new waterfront urban village adjacent to Barking Town Centre forms part of the Borough Council’s vision of bringing aspirational waterfront living and regeneration to Barking.'
Weston Homes has a track record of delivery in Barking and this will be the company’s eighth residential development in the London Borough of Barking and Dagenham. In recent times the company transformed a former college building into Mayesbrook Manor, providing 106 one-, two- and three-bedroom apartments.
In 2016 Weston Homes secured planning permission for the redevelopment of the former Abbey Road Industrial Estate into new residential accommodation, now known as Rivermill Lofts, a waterfront scheme of 117 one- and two-apartment apartments for private sale and affordable housing. This project was launched to the market in 2017, with effectively all private sale homes now sold.
