A 50/50 joint venture between housebuilder The Hill Group and housing association Peabody has agreed a £116m partnership with Goodstone Living to deliver 360 build to rent (BTR) homes in Essex.

The BTR apartments will form part of the first phase of Dagenham Green, the regeneration of the former Ford Stamping Plant site into a mixed-use neighbourhood which is currently under construction.

Overall, the JV partnership is to deliver the first 935 home phase of the Dagenham Green scheme.

Once complete, Peabody’s wider masterplan will provide more than 3,500 new homes and extensive placemaking, public realm and amenities, transforming this landmark East London location into a sustainable community for modern living. 

The project is Goodstone Living’s third development on behalf of its first managed investment vehicle, Goodstone Living Partners 1, capitalised by Macquarie Asset Management and the Northern Local Government Pension Scheme.

GLP1 will now have approximately 1,300 build-to-rent homes under construction across Edinburgh, Birmingham and now London.

Situated within the first phase of 935 homes at Dagenham Green, the BTR homes will offer a range of one, two and three-bedroom apartments across three residential buildings ranging from 14 to 18 storeys.

The development is located near Dagenham Dock train station, providing direct access to central London in about 20 minutes.

The project will feature extensive amenities, including fitness and co-working areas, a concierge service, private dining spaces and two landscaped podium gardens that overlook a new urban park.  

The first homes will be available from summer 2027, with full completion anticipated by summer 2028.

The wider 45-acre masterplan developed by Peabody for Dagenham Green includes an urban park, a lake, children’s play areas, community gardens, and other green spaces that enhance biodiversity and provide ample opportunities for recreation.

Key infrastructure such as a new secondary school, medical centre, community hub, and a market square will further support the growing neighbourhood.

James McMylor, managing director, London North at Peabody, said: “At Peabody, we are committed to making a positive impact by providing high-quality, affordable homes in thriving communities.

"We’re pleased to see the first phase of our Dagenham Green masterplan coming to fruition, reflecting our approach to sustainable regeneration and inclusive growth.

"This partnership with our partners Hill and Goodstone will bring significant benefits to the local community as a part of a wider vision to regenerate East London and ensure that affordable living is a reality for everyone.”