The £600m JV has been formed with London Legacy Development Corporation, in a 50/50 arrangement with the housebuilder.

Delivery of this mixed-tenure residential development, located next to Pudding Mill DLR station, will take place over four phases.

A minimum of 45% of these new homes will be designated as affordable, with 30,000 sqm of non-residential floor space to be created for retail, community and leisure uses.

Construction is anticipated to start in the summer of 2026 with overall completion targeted for 2033.

Greg Fitzgerald, CEO at Vistry (pictured above) commented: "This is a fantastic opportunity for our partnerships business to revitalise this area of East London and create a thriving and sustainable new community.

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“We are very pleased to be working in partnership with the LLDC and the GLA to provide the mix of high-quality new homes that residents desperately need, alongside the infrastructure, facilities and socio-economic opportunities required to support them."

In September, Greg maintained he was confident the housebuilder would hit 18,000 completions by the end of 2024 despite less than this figure being built in the first six months.

At that point, a half year trading update revealed that 7,792 units had been completed in this period. This was up 9% from the 7,143 delivered in H1 2023.

The housebuilder has since entered a partnership with L&G to deliver 272 homes in Kent, and begun work on a 654-home scheme in Brent, North London.