Rockwell partners with Gateway Housing Association to deliver affordable homes
Mixed-use property developer Rockwell has partnered with Gateway Housing Association to deliver so-called affordable housing at its landmark development at 82 West India Dock Road in London’s Westferry.
The 30-storey hotel and residential building adjacent to Westferry DLR station, at the gateway to Canary Wharf, is due to start construction shortly.
It will be completed in Q1 2022, delivering 259 jobs and 66 new homes of which 35% are said to be affordable.
Donal Mulryan, founder of Rockwell, said: “I’m delighted that Rockwell is partnering with Gateway Housing Association to bring forward and manage the affordable housing in this landmark development.
“Gateway share our commitment to providing great housing and support which meets the needs of the people of the Borough.
“This further ensures that the scheme has a positive and meaningful legacy for the local community.”
Gateway Housing Association, the largest provider of sheltered housing in the London Borough of Tower Hamlets, will take a 250-year lease on the 18 affordable homes within the scheme in its preferred location on the lowest residential floors.
Tower Hamlets is anticipating the highest population growth of any borough, with 60,000 additional residents by 2028.
The affordable housing includes a mix of tenures, for people at different stages of the property ladder; including London Affordable Rent, London Borough of Tower Hamlets Living Rent and Intermediate Shared Ownership.
The provision of three-bed family sized homes and Social/Affordable Rent homes within the scheme each exceed the borough’s target.
Kate Dodsworth, chief executive at Gateway Housing Association, said: “There’s a real need for more homes within Tower Hamlets as the demand continues to greatly outstrip the supply.
“We’re thrilled to be working with Rockwell to increase the borough’s provision of affordable homes and look forward to working with them throughout the development process.”