Barking Riverside, one of the UK’s largest regeneration projects, will see 10,800 new homes and 65,000sq m
of commercial created, along with retail and leisure space, spanning 181.3ha of land and providing homes, jobs and opportunities.
The scheme will see residential developer L&Q and Sadiq Khan, the mayor of London, invest £500 million on transport links, parkland and a raft of other facilities on the site, which will be delivered by Barking Riverside Limited (BRL), a joint venture between shareholders L&Q and the Greater London Authority (GLA).
A section 106 agreement was signed in February 2018 by Khan and L&Q, which will help fund the housing and a London Overground station at Barking Riverside – an extension of the Gospel Oak to Barking line will connect the site to central London.
L&Q will manage the development, acting as the landlord and leaseholder on the majority of new properties.
The scheme is already well under way, with 1,000 homes completed so far, with plans to build 600 more units on the site every year.
Residential, Retail, Office, Other, Food and Drink, Educational
Renwick Road, Barking