Housebuilder Hill has been confirmed as a joint venture partner on the £940m regeneration of the Teviot Estate in Poplar, east London.
The Poplar Housing and Regeneration Community Association (HARCA) chose the housebuilder for the role on the project that will see between 1,800 and 2,500 homes built, as well as new local public spaces and shops.
The contract term is up to 20 years, with a development value of between £682m-£940m.
The joint venture will appoint a master planner in the first half of this year to develop designs in consultation with residents, Tower Hamlets Council and other stakeholders. A formal planning application is expected mid-late 2022.
The scheme was put out to tender in February last year and the housebuilder was formally appointed to the role with a contract notice published this week.
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Housebuilder picked for £1bn east London regen – firstname.lastname@example.org – 2021-03-12 14:30:22