There was exciting news last month (July) about a major project to regenerate a crucial part of Poplar, East London. We want to have a closer look here because it has the potential to transform the neighbourhood. Then, if you want estate management in Tower Hamlets from one of London’s best names, you can rely on us.
A 1950s estate
The Teviot Estate was built in 1955. It has 535 homes, but like many post war estates, is now sadly showing signs of its age. In a vote in 2019, residents said they were in favour of regenerating the estate. Plans by Poplar HARCA and Developer Hill Group recently got approval from Tower Hamlets Council. So, it means we could see massive changes in the future.
The headline is the plans will involve demolition of the current estate. This will allow a massive redevelopment to create 1,928 new homes, way more than the existing total. A key detail is 411 will be council housing. Crucially, 202 of them will be family size properties (three bed or more).
One of the major reasons Tower Hamlets Council gave planning permission is the amount of affordable housing. If you look at the number of habitable rooms, 35% of the whole project is affordable. This is in line with local goals. Interestingly, it could be higher by the end of the project too. There will be financial reviews of latter phases of the redevelopment, so more affordable homes may be delivered if finances allow.
Other details
Poplar is one of East London’s most dynamic and vibrant spots. It has plenty to offer, including access to Canary Wharf, a wealth of history, good schools, and some great amenities. If you’re thinking about investing, it is an impressive location, especially with the regeneration work going on. We can help if you buy assets, offering estate management in Tower Hamlets and more.
The regeneration of the Teviot Estate will help to improve the whole neighbourhood. Crucially, the plans involve improving connections and upgrading local infrastructure. Langdon Park will get an upgrade too.
It also isn’t just new housing coming to Teviot Estate. The project will provide a number of new amenities, including a nursery, a pub, a mosque, and a community centre. There will be space for businesses too, including new offices and shops. Ultimately, it will make the area a nicer place to live, supporting the local community.
Responses
Mayor of Tower Hamlets, Lutfur Rahman, had very positive comments about the project, including the fact it will provide new high quality housing and wider benefits to the area. Crucially, he said it would ensure “more local families can stay in the borough they call home”. Ultimately, the redevelopment will improve inclusivity and connectivity so “residents can thrive”.
There were positive comments from Poplar HARCA and Hill Group too. Paul Dooley, Director of Regeneration and Development at the former said they are “proud to have secured permission” for a project designed in “genuine partnership with the community”. It will be fantastic for locals and the local area.
Get reliable estate management in Tower Hamlets
Finefair Ltd works with properties all across London for a variety of clients. It’s a great city for investments because there are so many different areas with lots to offer. Tower Hamlets is always popular due to how close it is to busy business districts like Canary Wharf and the City. It’s especially attractive to commuters and families.
If you invest and then want first rate services, you can rely on us. We do everything, including helping to find properties, exploring the options for letting and leasing, and more. You can even rely on us for things like estate management in Tower Hamlets and other areas. We can manage various homes on estates, effectively dealing with any challenges.
So, contact us today if you’d like some help or advice.
