Job is the second won through council developer Be First鈥檚 拢1bn framework
Wates has been appointed by Barking and Dagenham council鈥檚 in-house developer Be First to build the second phase of an 850-home housing scheme.
The contractor鈥檚 residential arm is set to start work on the approved 386-home development in July.
Located on the western side of the 1960s Gascoigne Estate, it will involve the demolition of three existing blocks and construction of five new blocks and townhouses with a mix of tenures, 228 of which will be affordable.
The job is the second Wates has won through Be First鈥檚 拢1bn development framework after winning the development鈥檚 200-home first phase in 2019.
In January 2019, Wates, alongside McLaren and Wilmott Dixon, won a place on the second lot of the framework for projects worth 拢10m and above.
Wates, which published its 2020 results last month, has said that it expects its profit this year will approach its 2019 levels.
Chief executive David Allen said the firm was poised to 鈥渂ounce back鈥� after securing a record order book of 拢6.6bn, up 13.5% from 2019鈥檚 figure.
The firm has also chalked up a 拢50m deal to provide rapid response demolition services for 31 councils in London and the South-east.
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