Joint venture partners Europa Capital and St Congar Land have submitted an EIA application for 3,200 homes on the former Ford plant in Dagenham Dock, east London.
The jv acquired the 42-acre site, which is being demolished, in 2016 for £26m. Demolition and remediation works are due to complete in early 2020.
At the adjoining Beam Park site, Countryside and L&Q’s plans for 2,900 homes and a new rail station were approved last month by Barking & Dagenham, however they were refused by Havering last week, which part of the site lies in.
Steve Taylor, managing partner, St Congar, said: “The scheme represents a new chapter for the former Ford site, with the potential to deliver a dynamic urban quarter.
“The adjacent Dagenham Dock Railway Station means travellers will have a journey time to Fenchurch Street of around 20 minutes.”
Hugo Black, partner, Europa Capital, added: “We see Dagenham Dock as being the most compelling opportunity to deliver a new London neighbourhood anywhere in the capital.”
St Congar is a land promotion and asset management company specialising in town planning, project management and infrastructure delivery. It has been in joint venture with Europa Capital since 2009, working on the acquisition and sale of 10 land assets across southern England.
Due to the nature of the businesses, it is likely the joint venture partners will look to exit once planning consent is achieved.
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