Far East Consortium has secured a deal with Clarion to fund and own 139 affordable homes at its Consort Place development in Canary Wharf.
Clarion, the UK’s largest housing association, will acquire a selection of social-rented, affordable rent and shared ownership flats at the 35-storey Alta scheme.
The first homes are set to complete at the end of 2023.
John Connolly, head of UK development at FEC, said: “This partnership is a crucial step in FEC’s wider plans to future-proof this development and build something meaningful for the Canary Wharf community, while also supporting the demand for quality housing within Tower Hamlets.”
We are proud to be able to over-deliver on our plans for affordable new homes within Consort Place, and with a concept that embraces inclusivity and appeals to all income levels.”
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