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Inland Homes to buy East London site for 325-unit housing project

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Inland Homes to buy East London site for 325-unit housing project

Inland Homes PLC agreed to buy a four-acre site in Dagenham, East London, where it plans to build 325 homes with a 1,600-square-meter commercial space, expected to have a gross development value of roughly £95 million.

The U.K. property developer is in talks with a housing association for a potential joint venture to deliver the homes that will include 116 affordable units. The acquisition of the brownfield site is scheduled to be completed in March 2019, with construction of the initial batch of homes set to start in the summer of 2019.

The site is within the 3,000-hectare London Riverside Opportunity Area, a major regeneration zone that is slated to deliver up to 26,500 homes across the boroughs of Barking and Dagenham, according to a release.