The investment proposition:
Joint Ventures across standalone sites or across a package of sites, alongside tactical urbanism projects relating to the streetscape and infrastructure
Key facts:
An opportunity to joint venture with the London Borough of Barking & Dagenham in the second phase of its transformation of Thames Road, an area of underutilised brownfield with significant (40%) Council land ownership and a vision to create a new, densified neighbourhood of some 3,500 homes alongside modern industrial and commercial uses. The Factory District is a new destination for east London, capitalising on London’s entrepreneurial spirit. It will combine an employment-led, mixed use community with new homes for working Londoners and facilities for London’s industrial sector.
The first phase comprised: Industria, completed in September 2023, and which is setting the standard for sustainable, multi-storey industrial workspace comprising of 45x units with flexible lease terms; and 12 Thames Road, another Council-led scheme, which is due to complete in Summer 2024 and co-locates industrial (54,000 sq ft) and residential (156x affordable units). Other third-party and work-live schemes have also been submitted for planning approval.
In this second phase there is scope for joint ventures across standalone sites or across a package of sites, alongside tactical urbanism projects relating to the streetscape and infrastructure which offer scope to implement ‘smart city’ and ‘smart energy’ technologies. Delivery from this second phase is forecast to comprise up to 1,865 homes and c.204,000 sq ft of industrial commercial floorspace.
