Brookfield Multiplex has won a job to build hundreds of rental homes for Essential Living’s Docklands development, worth £90m.
The Helix twin tower project will be based in the Docklands and will see 395 homes built. Of the 396 homes to be built, 329 will be available for private rent.
Brookfield Multiplex was selected from Essential Living’s £1bn framework to deliver 5,000 homes for the rental market, announced last month.
Under the framework, Balfour Beatty and Brookfield will build projects over £25m in value; Vinci and McLaren will build projects worth between £10m and £60m; and Prime Construction was chosen for projects under £10m.
Enabling works are set to begin later this year, with construction scheduled for early 2015.
EC Harris has been appointed project manager and Gleeds has been named cost consultant.
Make Architects designed the original 29 and 35-storey towers and Darling Associates adapted the scheme.
The homes will be a mix of studio, one, two and three-bed private rented flats, with 15,000 sq ft of amenity space for residents.
In the last two years Essential Living has acquired eight development sites across London, with over 1,500 planned homes in the pipeline.
Essential Living construction director Ray Theakston said: “Ensuring quality throughout the development process has been our top priority – we’re building and managing homes for long-term rent, and that means they have to still look and function perfectly 10 years down the line.
“Brookfield Multiplex shares our values and objectives, and we’re extremely excited to be working with them on such a landmark project.”
Essential Living is aiming to deliver 5,000 private homes over the next 10 years across London and the South-east.
The company recently received $200m of equity backing from US investors M3 Capital Partners.