Member Article

Galliford Try JV signs £380m Silvertown Way regeneration deal

Galliford Try has signed a development agreement with the Greater London Authority to secure planning and construct the Silvertown Way development in Canning Town, East London.

In its existing joint venture vehicle with Thames Valley Housing Association, the construction company will build more than 1,100 mixed tenure homes across a series of individual blocks at the £380m development, making it the largest standalone housing scheme it has undertaken.

The project will be delivered through an existing joint venture vehicle with Thames Valley Housing Association. A third of the homes will be for private market rent, through Thames Valley’s subsidiary Fizzy Living, while around 380 affordable homes will also be constructed for London and Quadrant Housing Association.

Galliford Try’s housebuilding businesses, Linden Homes and Galliford Try Partnerships will be responsible for undertaking the development, which is proposed to include a hotel, restaurant, employment and commercial space alongside the new homes.

Greg Fitzgerald, Galliford Try’s Executive Chairman, commented: “I am delighted that we have been able to work with all the stakeholders involved in this project to reach an agreement, and deliver much-needed new homes for London.

“As well as being a hugely significant project for our company, Silvertown Way will be a flagship regeneration project for East London, and we are committed to providing high-quality housing of all tenures for the local community.”

This was posted in Bdaily's Members' News section by Ellen Forster .