Joint venture will provide more than 300 new homes for One Housing in Tower Hamlets
Developer Mount Anvil and The Riverside Group and have entered into a joint venture agreement to deliver a second regeneration scheme on the Isle of Dogs.
Mount Anvil has been selected as the preferred development partner to deliver more than 300 new homes at the Tiller Road Estate for One Housing, a subsidiary of Riverside.
The scheme will deliver a mixture of affordable and private homes, as well as 72 homes for current residents to replace those in the existing buildings at Kedge House, Starboard Way, and Winch House.
The project builds on Mount Anvil’s partnership with The Riverside Group, following the developer’s previous role in delivering 218 new homes as part of One Housing’s regeneration of the nearby Bellamy Close and Byng Street estates.
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The partnership’s delivery portfolio also includes new affordable homes at the Friars Close Estate in Southwark, and 262 affordable homes as part of an 854-home masterplan at Royal Eden Docks in Newham.
Riverside said that a key factor in Mount Anvil’s appointment as a preferred partner is the firm’s track record in delivering affordable homes in London while working in strong partnerships to deliver quality places that meet the needs of local communities.
Riverside and Mount Anvil will work closely with residents and the wider community on the design of the scheme, which will be submitted for planning permission later this year.
In August 2021, 88% of the estate’s residents voted in favour of One Housing’s plans to fully redevelop the Tiller Road site. Riverside is emphasising a “resident-led approach” to the regeneration, having conducted 160 one-on-one meetings, 18 steering group meetings, and five consultation events to date.
This engagement resulted in 98% of the resident community providing feedback on the outline proposals.
Leanne Ward, chair of the Kedge House, Starboard Way and Winch House Residents Steering Group, said: “The residents are excited to start working alongside Mount Anvil to design their future homes. This is a massive step for us, and we look forward to working together as a community.”
Darragh Hurley, chief executive officer of Mount Anvil, said: “We’re delighted to be working with our repeat partner Riverside on Tiller Road. We have a shared commitment to working with local communities to provide high-quality new homes and places, and we have a track record of working in partnership to overcome the inevitable bumps in the road that come with working on complex central London estates.”
Jehan Weerasinghe, managing director of One Housing, part of The Riverside Group said: “We are delighted to be extending our partnership with Mount Anvil as we continue our regeneration work on the island. It is great to have a partner that supports the volume of resident involvement we have been and are undertaking.”
Weerasinghe added: “Throughout our relationship as partners to date, we have benefited from a true delivery partner that cares deeply about the long-term future of London and its people, and is helping us to deliver on our values and vision for our residents.”
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