The London Legacy Development Corporation (LLDC) has formed a 50/50 joint venture partnership with Vistry Group, the UK’s leading provider of affordable mixed-tenure homes, for the delivery of 948 new homes in Pudding Mill Lane in Stratford.

The deal sees the creation of a new residential and commercial neighbourhood, which will be brought forward over four different phases. Situated adjacent to Pudding Mill Lane DLR station, careful consideration has been given to ensure that a diverse range of housing needs will be met in the overall tenure mix. A minimum of 45% of the new homes will be affordable - which includes a percentage of low-cost rent housing - and a high proportion of family housing will be included.
This contributes to LLDC’s wider 50% Affordable Housing provision across Stratford Waterfront, Pudding Mill Lane, Rick Roberts Way and Bridgewater Triangle neighbourhoods. A rich mix of high-quality social and public amenities will ensure the delivery of a sustainable long-term community.

In addition to the new homes, the development will include 30,000 sqm of high-quality commercial space, which will include retail, community and leisure uses. The new neighbourhood will support growth and development, with employment and skills opportunities for local East London residents, businesses and start-ups to thrive, as well as helping to drive the ambitious growth plans for Queen Elizabeth Olympic Park and London. The JV scheme at Pudding Mill Lane will be a great addition to the Park’s already thriving Innovation Cluster and world-leading Knowledge, Culture and Education District; a place where entrepreneurs, innovators, businesses, academic and cultural institutions, and community anchors, are purposefully brought together to create the conditions for sustained innovation and inclusive growth.

Construction of the first phase is anticipated to start in early 2026, with completion of the overall scheme scheduled for 2033.

Greg Fitzgerald, Chief Executive of Vistry Group, said: “This is a fantastic opportunity for our partnerships business to revitalise this area of East London and create a thriving and sustainable new community.  We are very pleased to be working in partnership with the LLDC and the GLA to provide the mix of high-quality new homes that residents desperately need, alongside the infrastructure, facilities and socio-economic opportunities required to support them.”

Rosanna Lawes, Executive Director of Development at LLDC, said: “It’s exciting to move forward with the development of Pudding Mill Lane. The joint venture partnership with Vistry means that we can rapidly build on the Park’s successful legacy to create another thriving and sustainable community. Quality design is at the heart of the scheme both in well-designed and sustainable homes, in high quality public realm, amenities and significant workspace that creates truly successful places.”

LLDC were advised by Deloitte and Herbert Smith Freehills (HSF).

ENDS