Hadley Property Group and Peterson Group have bought the 1.7-hectare Blackwall Yard site, E14, from Thomson Reuters in their largest acquisition yet, with plans for 850 homes.
The development site, close to Canary Wharf and Poplar High Street, was once a shipbuilding dock and more recently a car park for a nearby data centre.
Hadley is drawing up a masterplan for the site with Glenn Howells Architects, White Arkitekter and Panter Hudspith and will start digital consultation events in July.
The plans will include 850 homes, a primary school, cafes and shops and a transport hub. Blackwall Yard Graving Dock will be turned into an outdoor swimming pool.
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