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The last main piece of London owned by City Hall is to be turned into 2,000 homes and a new railway station under plans to be announced by Boris Johnson, the city’s mayor, on Tuesday.
The 29-hectare Beam Park site in Dagenham, east London, is empty former industrial land alongside the Beam river. There is scope for 5,000 homes in the wider area, according to estimates by the Greater London Authority.
Richard Blakeway, deputy mayor for housing and land, said the scheme would create “a new locus of jobs, activity and growth”. Thirty five per cent of the homes will be for sale or rent at below market rates.
The Beam Park station will be the first new station in London since Stratford International opened in 2011. It will be 20 minutes from Fenchurch Street on the existing c2c-operated line, between Dagenham Dock and Rainham.
The station will be funded by Network Rail, Transport for London and c2c Rail, including £9m from TfL’s growth fund, which finances transport improvements in order to trigger regeneration activity in areas where funding is scarce from other sources.
Alex Williams, TfL’s director of borough planning, said transport links were key in “supporting growth and regeneration across London”. He added: “Beam Park is a prime example of how TfL is using its growth fund to work with the GLA and the boroughs to secure the delivery of transport schemes that will unlock development.”
The development is the latest in a string of big housing schemes on publicly owned land in London, including the Royal Docks in the city’s east and a 40ha portfolio of industrial land around the Beam Park site, known as London Riverside.
The GLA is one of the biggest landlords in the capital but has sold 90 per cent of the land it owns that is suitable to be built on. Since April 2012 it has signed deals on 159ha for developments worth a total £3.7bn.
This article first appeared on www.ft.com
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