Populo Living, Newham Council's wholly owned housing company, has appointed Stratford appointed the firm for its Plaistow Hub regeneration project, a £62 million mixed-use residential led scheme. Revenue generated from the project is being used to deliver 112 London Affordable Rent homes in the local area.
Plaistow Hub will create a new local centre by Plaistow Underground Station. Alongside two separate residential buildings the project includes a new library, neighbourhood centre, supermarket, gym and café. The project will also create a new piazza and improve the streetscape by linking the locally listed Plaistow Underground Station to the new development and surrounding area.
Populo Living, which changed its name from Red Door Ventures in June, is central to Newham Council's Housing Delivery programme. Working closely alongside Mayor Rokhsana Khan, Populo is committed to ensuring 50% of all the homes it builds are pegged to the London Affordable Rent benchmark. Newham Council has invested £1.5bn in Populo's affordable housing projects. They are on course to start on 884 genuinely affordable homes by March 2021; helping the Mayor to reach her target of 1,000 genuinely affordable council homes by March 2022.
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Plaistow Hub will be constructed across two separate sites: London Road and Valetta Grove. The London Road site is located next to the Underground station and consists of a 23-storey building containing 100 new homes for private rent (many with fabulous views across the city) and a three storey commercial building.
Valetta Grove situated off Plaistow Road and opposite the Plaistow Station, will be redeveloped to provide 82 new private rental homes over 15 floors.
Stephen Teagle, Chief Executive of Vistry Partnerships, said: "Our appointment to this contract is great news for our London business and we are delighted to be working with Populo Living to deliver much needed high-quality housing within this area of ongoing regeneration.
"The scheme will provide high quality private rental accommodation that will be owned and managed by Populo Living. With over 2,000 m2 of commercial and retail space included, the project will be a huge boost to the local area."
Deborah Heenan, Chief Executive of Populo Living said: "We are delighted to be starting work on this exciting new project which will benefit the whole of Plaistow.
"The Plaistow Hub project will provide fantastic new community facilities and much needed housing. It will also help deliver 112 affordable homes in the local area thanks to the Mayor’s support for Populo Living. Populo is working alongside the Mayor and Newham Council to deliver over 2,300 affordable homes in the borough and 1,000 new council-owned homes by March 2022."
Construction work will commence on site immediately and will complete in August 2023.
