The mayor of London has selected Bouygues, in a consortium with Grainger and the London Pensions Fund Authority, to develop the Pontoon Dock site in Newham.
The consortium will develop land owned by the Greater London Authority at Pontoon Dock, a 0.69 ha site within Royal Docks, Newham.
The site is currently a public car park and coach stand. It will be transformed into more than 200 homes and approximately 11,000 sq ft of non-residential floor space, to include 137 private rented sector homes, 42 for affordable rent and 31 for shared ownership.
The project, which will see the car parking re-provided, will also improve access to the Thames Barrier Park.
Bouygues Development managing director Nicolas Guerin said: “With an established relationship with the GLA and having worked on regeneration projects across the capital, we are very pleased to be selected as preferred bidders for this site.
“We are among the UK’s most experienced developers in the private rented sector and we look forward to working alongside out valued partners, London Pension Fund Authority and Grainger, to create another exciting new place to live for the local community in Newham.”
The development is the second of two major residential developments on GLA land, the first – a £360m residential development at Silvertown way – having been won by Galliford Try on Monday.