Linkcity, a property development firm, has signed agreements with several partners for the development of the £240m third phase of Hallsville Quarter, a regeneration scheme with the London Borough of Newham at Canning Town.
The regeneration scheme includes the construction of 278 private rental homes, which were forward funded by Grainger along with 143 shared ownership homes, 199 affordable homes including 50 extra-care apartments. The property will be owned and managed by One Housing Group.
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Linkcity will retain 88,049ft² (8,180m²) of retail and leisure space, which the firm intends to let and/ or sell to a commercial investor.
Linkcity managing director Nicolas Guérin said: “Hallsville Quarter is one of London’s biggest regeneration projects, and the third phase will be the largest to date, more than doubling the number of new homes the scheme has delivered so far.
“It’s exciting to have signed agreements with trusted partners and high-quality operators, enabling work to begin on this significant project.”
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The phase 3 follows the masterplan with the initial two phases had already delivered 528 new homes, a 196-room hotel, new restaurants, shops, a gym, leisure spaces, a car park along with enhanced public realm including the creation of Terry Spinks Place under the A13 flyover and a new piece of public art.
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By GlobalDataIn total, the Hallsville Quarter development, as part of the £3.7bn Canning Town and Custom House regeneration project, will provide 1,100 new homes, more than 323,000ft² of leisure an retail space and over 32,000ft² space for community facilities and new public spaces, pedestrian links, provision for cyclists and 1,100 secure parking spaces.
Newham mayor Rokhsana Fiaz said: “I’ve been working positively with Linkcity for some time to get to this important new stage. The Hallsville Quarter project has helped to transform this part of Canning Town and I’m really glad that Morrisons and other shops are now open and providing great local facilities for residents.
“I’m also very pleased that 199 of this next phase of new homes will be a mix of social rent and shared ownership and of a high standard. Also, 50 of them will be allocated to Newham residents who need extra care services and facilities, enabling more people to remain independent and cared for in their own homes.”
Bouygues was appointed as the main contractor for phase 3 and it is expected to be completed in 2024. The firm has also committed to hiring local labour in each of the phases of the regeneration scheme.
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Artist’s rendering of Hallsville Quarter Phase 3 Townplace at Night (Credit: HawkinsBrown/Linkcity.)
