Plaistow Hub regeneration PPP concession awarded
Populo Living, Newham Council’s wholly-owned housing company in the UK has appointed Stratford based Vistry Partnerships to deliver its Plaistow Hub regeneration project - a GBP 62 million (US$ 80.07 million) mixed-use residential led scheme in Plaistow, East London. Revenue generated from the project is being used to deliver 112 London Affordable Rent homes in the local area.
Plaistow Hub will create a new local centre by Plaistow Underground Station. Alongside two separate residential buildings the project includes a new library, neighbourhood centre, supermarket, gym and café. The project will also create a new piazza and improve the streetscape by linking the locally listed Plaistow Underground Station to the new development and surrounding area.
Plaistow Hub will be constructed across two separate sites: London Road and Valetta Grove. The London Road site is located next to the Underground station and consists of a 23-storey building containing 100 new homes for private rent (many with fabulous views across the city) and a three-storey commercial building.
Valetta Grove situated off Plaistow Road and opposite the Plaistow Station will be redeveloped to provide 82 new private rental homes over 15 floors. Construction works will commence on-site immediately and will complete in August 2023.
