Boomers taking up rental options in downtown regen sites
LONDON: Boomers are increasingly embracing rental housing options on mid city regeneration sites.
Phase three of one project will contain 278 private rental homes across two blocks forward funded by Grainger .
It will also have 143 shared ownership (or private sale units), 199 affordable homes including 50 extra-care apartments owned and managed by One Housing Group.
Linkcity will retain 88,049 sq ft of retail and leisure space which they intend to let or sell to a commercial investor.
Bouygues will build the latest phase with work due to be completed in 2024.
Around a third of the construction workforce will be recruited locally in Newham.
Linkcity’s Managing Director, Nicolas Guérin, said: “Hallsville Quarter is one of London’s biggest regeneration projects, and the third phase will be the largest to date, more than doubling the number of new homes the scheme has delivered so far.
“It’s exciting to have signed agreements with trusted partners and high-quality operators, enabling work to begin on this significant project.”
