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(Alliance News) - Grainger PLC on Thursday said proposals by Connected Living London to deliver 460 new rental homes have been given the green light by Ealing Council's Planning Committe.
Connected Living London is a partnership between FTSE 250-listed Grainger and Transport for London.
The residential property firm stated that the scheme - which encompasses a 1.16 acre site - will deliver 460 properties including 40% affordable housing across five buildings.
The homes will be a mixture of one to three-bedroom properties and the development will use renewable forms of energy through solar panels and air source heat pumps to minimise environmental impact. The development will be served by TfL Rail services, which will become the Elizabeth line service once it is open.
Grainger said the development is the first of four proposed by Connected Living London and currently going through planning. The other sites are Arnos Grove in Enfield, Montford Place in Kennington and Nine Elms in Lambeth. Once approved, these would deliver over 1,200 new rental homes across London, part of Connected Living London's wider programme aimed at providing more than 3,000 new homes in the city.
"We are delighted to secure our first planning resolution for Connected Living London. This is an exciting and important milestone for our partnership, which over the coming years is set to make a positive difference for renters and communities across London," said Grainger Chief Executive Helen Gordon.
Shares in Grainger were trading 0.4% higher at 316.80 pence each on Thursday morning in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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