Peabody planning homes at former Ford Dagenham car factory in east London
Peabody is planning on building 1,500 homes on a disused site in Dagenham after receiving an 拢80m grant from the Greater London Authority.
The funding from City Hall鈥檚 Affordable Housing Programme has enabled the housing association to acquire the 45-acre site at the historic Ford Dagenham stamping plant, which opened in 1931 and produced over 10 million cars before closing in 2013.
PRP has been appointed as the masterplanner of the site, which is thought could eventually support around 3,000 homes.
Current landowners Europe Capital and its advisors St Congar Land have already extracted more than 322,000 tonnes of material from the site as part of a four-year ground remediation project to prepare the land for housing.
Peabody chief executive Brendan Sarsfield said the scheme was a 鈥渇antastic opportunity to bring the empty site back into use鈥�.
Construction is expected to start by March 2023, subject to final confirmation of the land sale, with the aim of completing the scheme by March 2028.
The site, which neighbours Dagenham Dock train station, is close to the disused power station where the City of London鈥檚 historic Smithfield, Billingsgate and New Spitalfields markets are set to relocate.
It is also a short walk from the future location of what will be London鈥檚 largest film studio, which is set to be built on a 22-acre former pharmaceutical factory site.
London mayor Sadiq Khan said that the former industrial Dagenham Docks area will be 鈥渃omprehensively transformed鈥� over the next decade.
Peabody, along with Lendlease, is also redeveloping the Thamesmead Waterfront site in south-east London under an 拢8bn plan.
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