New Homes Londons Tender

Location Queen Elizabeth Olympic Park Homes England the governments housing delivery agency has planned for two new neighbourhoods. More than 1500 new homes including 450 affordable homes will be created across the two communities which will be known as East Wick and Sweetwater. Schools green spaces business and creative space leisure and community facilities will also be developed at the two sites.Homes England have agreed a 78 million loan to fund the first four phases of the scheme being developed by a joint venture between Balfour Beatty Investments and Places For People Homes on land owned by the London Legacy Development Corporation LLDC.The loan is part of the Governments 4.5 billion Home Building Fund which provides development and infrastructure finance to home builders. It is anticipated that the first phase of the development will be completed in summer 2021 with work at East Wick and Sweetwater being fully completed by 2028. Work has already begun on phase one of the site which will include 130 new affordable homes and 105 for private rental as well as more than 33000 sq ft of business and creative space.