Places for London, Transport for London鈥檚 wholly owned property company, has turned to Ballymore to bring around 1,400 new affordable, market and rental homes to east London.
The land at the Limmo Peninsula, close to Canning Town tube station, was previously used for the construction of the Elizabeth line (Crossrail, as was). 聽It was where tunnel boring machines were lowered into shafts to dig the tunnels.
Places for London intends to work with Ballymore to transform the five hectares of brownfield land within the Royal Docks and Beckton Riverside Opportunity Area into a new neighbourhood for London.
Ben Tate, head of property development at Places for London, said: 鈥淲e are delighted to have reached this stage in the process for the Limmo Peninsula, bringing us a step closer to bringing this new development in the heart of east London to life. Ballymore shares our dedication to providing great homes for Londoners, helping to ease the housing crisis and build the homes London urgently needs.
鈥淭he Limmo Peninsula development will be one of our most ambitious developments to date, showing how we can work with the private sector to benefit from the unique opportunities that our estate provides, and helps, us as part of TfL, to support London鈥檚 continued growth. We鈥檙e looking forward to creating a thriving and inclusive new residential neighbourhood, that is safe and child friendly, with excellent transport and active travel connections.鈥�
Ballymore group managing director John Mulryan said: "We have deep roots in Newham and are truly delighted to be partnering once again with Places for London. This partnership is in line with our ambition to partner with landowners across London to deliver new neighbourhoods and communities at scale.
鈥淣ewham is a fast growing, diverse borough 鈥� and it鈥檚 hugely important that the vision for this site reflects that character. Limmo Peninsula will be a dynamic neighbourhood 鈥� where its community can thrive. We鈥檙e looking forward to collaborating closely with local residents and businesses to create opportunity, connections, and a thoughtfully designed, sustainable neighbourhood.鈥�
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