The London Legacy Development Company (LLDC) has formed a joint venture partnership with developer Ballymore to construct 1,200 homes at the East Bank site of Queen Elizabeth Olympic Park, London, UK.

This £600m project will see two new neighbourhoods being delivered – one in the south of the Park at Stratford Waterfront, and the other at Bridgewater Triangle, close to UCL’s new campus at UCL East.

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The two firms aim to transform the two waterfront sites.

The JV aims to build 600 homes at the Stratford Waterfront site, which is presently being developed as a cultural district. Out of the 600 homes, 35% will be earmarked as affordable.

Around 575 homes are being planned, with half of them being affordable, at the Bridgewater Triangle site, which is bounded by Waterworks River, The Greenway and Pudding Mill Allotments.

The JV expects to finish the residential development at Stratford Waterfront and Bridgewater Triangle by 2028.

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LLDC executive director of development Rosanna Lawes said: “We are hugely excited to enter this partnership with Ballymore and to build on what has already been achieved over the last 10 years.

“Ballymore bring great expertise and proven regeneration credentials to help create thriving new communities with well-designed, sustainable homes to meet all needs.”

Ballymore group managing director John Mulryan said: “LLDC has been instrumental in creating and attracting some of the biggest cultural and educational names to East Bank.

“We are delighted to be partnering with LLDC, supporting the regeneration and delivery of homes in this special and inspiring destination that puts community and culture at its heart.”

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Image: This £600m project will see two new neighbourhoods being delivered, one at Stratford Waterfront, and the other at Bridgewater Triangle. Credit: Ballymore Group.