1,000 new homes are to built in London as part of two multi-million pound deals.
The new homes come under the government’s Build to Rent scheme and will be specifically designated for private rent.
A total of 1046 new homes will be built, with 636 homes for rent at The Newfoundland Building, Canary Wharf and 400 homes for rent at Ferry Lane, Walthamstow.
Each site will include a mix of one, two or three bedroom homes, which are expected to be completed by 2019.
Housing and Planning Minister Brandon Lewis said: “As a global city filled with opportunity and links to the rest of the world, there is a real demand for good quality homes available to rent on flexible terms in the Capital.
“These two new deals will provide a big boost to housing and help meet the needs of tenants well into the future.”
The government has announced new emergency measures to tackle the current housebuilding crisis in London and unlock tens of thousands of homes.
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