The mayor of London has approved Lifschutz Davidson Sandilands’ revised plans for Barking Riverside, paving the way for 10,000 new homes – half of which will be affordable
Sadiq Khan today (6 September) gave the green light for a reworked masterplan for the east London area with a target of 50 per cent affordable housing – an increase on the initial designs for the development backed by previous mayor Boris Johnson, which had only 28 per cent affordable housing.
The newly agreed plan sets a minimum affordable housing target of 35 per cent from the outset, but includes provisions to raise this to 50 per cent over time through additional investment and viability reviews.
The proposal, hailed as the single largest regeneration scheme in the capital, is in line with Khan’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.
‘Our next task is to ensure this development includes the facilities and infrastructure which will make this a fantastic place to live and to visit, rather than simply a housing development.’
Developer Bellway Homes had planned to build 10,800 homes on the site in 1994 but these proposals were shelved due to the lack of transport links.
In March, however, Transport for London approved £172 million of funding to extend the existing London Overground service, and Moxon submitted plans for a new station to serve the area in April, paving the way for construction to begin on the residential project.
L&Q has since taken over the development, after it bought Bellway Homes’ 51 per cent stake in the scheme. Bellway remains a development partner on the project.
L&Q’s chief executive David Montague said: ‘As Barking Riverside is one of the largest and most ambitious regeneration schemes in Europe, L&Q is committed to delivering homes, across a range of incomes, that are genuinely affordable for everyone.
‘The revised masterplan approval helps us achieve this goal. The potential of Barking Riverside is enormous and for L&Q it is a significant step forward in delivering on its promise to build 100,000 homes over the next decade.’
Alex Lifschutz of Lifschutz Davidson Sandilands
‘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.’