Planning permission has been granted by the London Borough of Newham for 3,000 new homes at the Silvertown site in the Royal Docks.
The Greater London Authority is the owner of the 62-acre derelict industrial site and is working with The Silvertown Partnership on the scheme, after regeneration plans were approved by the previous mayor in December last year.
Planning consent has now officially been granted under a Section 106 agreement, which seeks to ensure that 1,050 of the new homes will be affordable - including homes at 50% of market rent as well as shared ownership initiatives.
New residential communities at Silvertown will be built alongside more than 50 commercial buildings for offices and showrooms, alongside new parks, schools and health facilities.
“Newham Council granted planning permission for this development as we believe it will aid the transformation of the Royal Docks,” said Councillor Ken Clark, Newham Council’s cabinet member for building communities, public affairs and regeneration and planning.
“We look forward to working with the Silvertown Partnership and the GLA to bring additional homes to the borough as well as jobs and opportunities for our residents.”
James Murray, deputy mayor of London for housing and residential development, recently visited the site and said: “Silvertown is a significant development site in London and the Mayor is looking forward to seeing work underway as soon as possible to bring forward thousands of homes and jobs for Londoners.”