Property development specialist Lindhill finalises sales of major East London-based regeneration schemeJune 27, 2018 11:02 am
A £200m residential scheme at Imperial Street in Bromley-by-Bow, aimed at kick-starting a major regeneration programme of the inner-city London district, has been acquired by housing provider The Guinness Partnership.
The sale of the canal-side project was confirmed by landowner and property development specialist Lindhill Properties Ltd, who have an impressive track record of commissioning similar regeneration schemes across East London and beyond, including the recently sold 785-home Ailsa Wharf development on Bow Creek.
The development’s purchaser and new owner, The Guinness Partnership, is one of the largest providers of affordable housing and care in the UK, managing over 66,000 homes and providing services to over 140,000 people.
Comprising 407 dwellings and a series of ground floor commercial spaces, the Imperial Street development is designed by bptw partnership and Pitman Tozer Architects, a collaboration that received planning permission in January of this year following site acquisition by Lindhill in 2015.
The development spans a plot site of just over 35,800sqm and will compose of five residential blocks, alongside a central communal courtyard.
Lee Fitzpatrick, Director at Lindhill Properties Ltd, said:
“We are delighted to complete the sale of the development to The Guinness Partnership, a business that is committed to affordable housing and boasts an impeccable heritage. The sale of Imperial Street, coupled with the design attributes of the development itself, will truly kick-start the regeneration of Bromley-by-Bow south and the new district centre. To achieve this stage in such a relatively short amount of time is outstanding, we cannot wait to see the project realised on completion.”
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