Peabody in the news

The first phase of a project to provide 528 new homes in Bow is a step closer, and there's been a ceremony on site to mark the latest construction milestone.

Based at the Bow Enterprise Business Park on Devons Road, the development is being delivered in four phases, and will also provide 53,000 sqm of commercial space. 

devons roadPhoto (l-r): Stuart Brodie, Stephen Howlett, Cllr Sirajul Islam

Peabody is delivering 259 mixed-tenure homes in Phase 1 (due for completion in October 2015) including 59 for social rent, 40 for shared ownership and 160 private sale homes. This first phase also includes eight commercial units, as well as a communal landscaped court yard and play areas throughout, providing space for formal and informal play.

More about Devons Road

The 'topping out' ceremony

Representatives from Peabody and the London Borough of Tower Hamlets, including Deputy Mayor Cllr Sirajul Islam, joined main contractor Galliford Try and site owner Workspace, at an event to celebrate reaching a key stage in the construction.

"We are excited to reach this important milestone at a flagship scheme for us in Tower Hamlets, which will deliver much needed new homes to rent and buy, business opportunities and fantastic open spaces,"  Peabody Chief Executive Stephen Howlett said.

"Regeneration projects such as Devons Road are a key part of our development programme. Working with our partners we hope to use this location to create and enhance a diverse and sustainable community within the borough."

Cllr Islam (far right above) said:
"Devons Road is a very good scheme and the result of a valued partnership with Peabody, Workspace and Galliford Try. This site has been developed with families in mind and it’s clear that the new homes are of a very high standard. I hope the new residents enjoy their new homes and the great open spaces on offer."

Stuart Brodie (far left above), Managing Director, Galliford Try Partnerships said:
"This event is a great opportunity to recognise the achievements of the project team and our partners, in reaching this significant stage of the development. We strongly support the mission of social landlords like Peabody, in working to increase the supply of affordable housing for local people.  In addition to delivering high-quality new homes for 259 families in phase 1, it’s very important that we leave a lasting legacy for the local community."

Jim Fitzpatrick, MP for Poplar and Limehouse commented:
"This project is providing hundreds of new, high quality homes and opportunities for local people, in an area undergoing an exciting transformation.  The combination of well-designed homes, excellent open spaces and commercial spaces will, I hope, allow a strong sense of community to grow in this part of Tower Hamlets, and add to the good work the borough is already doing."

Peabody in Tower Hamlets

Peabody has a development pipeline of over 8,000 new homes, around 1,300 of which are in Tower Hamlets. It recently acquired Phase 2 of the Bow Enterprise Park redevelopment, which will see a further 160 mixed-tenure homes built by the summer of 2017. The partnership with Galliford Try continues on the St Clements regeneration scheme in Bow, which is the first urban Community Land Trust, providing up to 250 new homes in existing and new buildings, jobs and opportunities for local people.