Berkeley Homes has been selected by the mayor of London to deliver a 3,500-home development in east London.
The scheme at Stephenson Street in West Ham will involve the transformation a disused Parcelforce depot, spanning 10 ha.
The homes will include a “significant proportion” of shared ownership and purpose-built private rented homes, with 1,200 classed as “affordable”.
The project will also feature 30,000 sq ft of retail space, a new school and a park.
Berkeley Homes was chosen from a shortlist featuring five other teams: a Barratt and L&Q joint bid; a Taylor Wimpey-led consortium including Dorchester Living; Legal & General; Laing O’Rourke; and Hadley Mace, a JV between Mace and Hadley Property Group.
Boris Johnson said: “This huge chunk of disused land will be put to the best possible use, creating a whole new neighbourhood including 3,500 much-needed new homes, a new school and a park.
“This ambitious development will help to further the continuing transformation of east London as part of our Olympic legacy.”
The development of the Stephenson Street site is part of the mayor’s pledge to release all City Hall-owned land for development by the end of his mayoral term in 2016.
It is also hoped that the development will encourage further institutional investment into the London residential market.