Hammerson and Ballymore have increased affordable housing to 50% in their most recent proposals for London’s Bishopsgate Goodsyard.
This is an increase on the 35% proposed in November, which was a boost on the 15% proposal under the original 2014 application.
The joint venture has submitted revised plans to the Greater London Authority (GLA) for the regeneration of the Bishopsgate Goodsyard to create a 10-acre mixed-use scheme in Shoreditch, east London.
Other new measures include around 140,000 sq ft of affordable space – one of the largest single contributions of any development in London – out of a total of 1.4m sq ft of workspace in five buildings.
The plans, which are being submitted as an amendment to the existing planning application for the site, follow an extensive public consultation and discussions between the joint venture, the GLA, Hackney Council, Tower Hamlets Council and other key local stakeholders.
The scheme has previously fallen into controversy for proposing two skyscrapers. But last year, the JV removed the two high-rise residential towers from its plans. This resulted in reduced density, and the tallest building in the scheme dropping from 46 storeys to 29.
Nicola Zech-Behrens, senior development manager at Ballymore, said: “Bishopsgate Goodsyard is a highly challenging site with a large number of constraints, but offers an incredible opportunity.
“We have listened very carefully to feedback on our original application and aspirations of the local community, and our revised plans provide for a more balanced development that preserves and showcases the site’s heritage.”
Tony Coughlan, development manager at Hammerson, said: “These revisions include a focus on the delivery of a wide range of new workspace opportunities, including one of the largest ever provisions of affordable workspace in London.
“Our revised proposals will generate thousands of jobs and support local economic growth, creating a vibrant urban quarter that respects the heritage of its location.”
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