By Andy Sambidge
Qatari Diar project to offer 2,818 homes initially, to be called East Village London E20
The first legacy neighbourhood for London - owned by a joint venture including Qatari Diar - will be ready for residents to move into in 2013, it has been announced.
The development of thousands of new homes - situated on the doorstep of The Queen Elizabeth Olympic Park - will be called the East Village, London E20, the joint venture said in a statement.
QDD, the partnership between Qatari Diar Real Estate Development Company and Delancey, has linked up with Triathlon Homes to initially deliver 2,818 new homes.
In addition to 1,439 private homes mainly available to rent, there will be 1,379 affordable homes offering the choice of buying or renting to people with a range of income levels, the statement added.
QDD and Triathlon's investment and long-term plans for East Village highlight a "renewed and long-term confidence by the private sector in London's residential property market", the companies said.
East Village will offer a choice of 1 bedroom apartments to 4 bedroom townhouses, all uniquely designed by 16 of the world's leading architects.
It will also include more than 30 local shops, cafes and restaurants, a world-class education campus, and a medical centre.
Speaking on behalf of QDD, Stuart Corbyn said: "East Village will be a place for everybody to enjoy the best of city living; new homes will be joined by first class education, outstanding sports and leisure facilities, local shops, cafes and restaurants, and unrivalled connections to the rest of the capital. This will be one of the most exciting places to live in London.
"East Village provides much needed homes, investment and jobs in East London, and reconfirms Qatari Diar and Delancey's commitment to the local community, quality, partnership and sustainability."