Weston Homes obtains planning permission for £350 million regeneration of Abbey Retail Park

Weston Homes and the Estates & Agency Group have secured planning permission to carry out a £350 million regeneration of Abbey Retail Park in Barking and create a new riverside urban village.

The new scheme, named Abbey Quays, will comprise nearly 1.2 million sq ft of space and will deliver:

– 1,089 new homes

– 22,281 sq ft of commercial/leisure space

– a 6,857 sq ft training centre/gym

– 11,528 sq ft of employment space

– 5,059 sq ft of community space

– and a community-hub/reception

The 1,089 homes will consist of 737 private sale one, two and three bedroom apartments and penthouses and 352 (35% of all habitable rooms) affordable housing units (including affordable rent, shared ownership and discount market-sale tenures) split across three buildings, ranging from seven to 29 storeys.

Chairman and chief executive of Weston Homes, Bob Weston, says: “The £350m Abbey Quays is one of the biggest urban renewal projects in East London, delivering striking new buildings, riverside public spaces, inward investment and job creation. The regenerated site will provide much needed affordable local housing for local Londoners, further enhance the local community and complement the existing centre.”

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.