Announced by QDD (a joint venture between Qatari Diar Real Estate Development Company and Delancey) and Triathlon Homes (a joint venture between First Base, East Thames Group and Southern Housing Group), at a time when the poor provision of high quality housing in London is the subject of great concern, the new neighbourhood will 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.
This modern neighbourhood breaks the mould for UK residential developments dominated by a short term developer/trader model and disparate, often absent private landlords, and responds to the capital's housing crisis and the needs of Londoners for high quality, long term homes.
Combining design by a number of the world's leading architects, East Village will provide more accessibility, space, stability, security and world-class facilities than any other London residential development.
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 and guarantee residents the benefit of a responsible, consistent landlord.
This long term approach will ensure the highest standards of service and internal and external spaces, for all East Village residents for many years to come.
East Village offers residents:
- A choice of 1 bedroom apartments to 4 bedroom townhouses, all designed by 16 of the world's leading architects and offering spacious open-plan layouts, large balconies and winter gardens
- Tree lined streets, open parkland, private courtyard gardens, wetlands and proximity to the Queen Elizabeth Olympic Park
- Over 30 local shops, cafes and restaurants
- An education campus, Chobham Academy, which will offer first class education to 1,800 students aged between 3 and 19 from 2013
- A state-of-the-art Medical Centre which will provide East Village with over 60 different medical services
- Europe's largest shopping centre, Westfield Stratford City, just 5 minutes' walk away
- Endless leisure facilities
All East Village homes are designed to Code for Sustainable Homes Level 4 and new standards have been set for reducing environmental impact and carbon emissions.
All energy is produced locally through Combined Cooling Heat and Power (CCHP) Plants which reduces carbon emissions by 68% compared to similar residential developments.
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."
Elliot Lipton, Director of Triathlon Homes said:
"Our vision is to deliver a neighbourhood that provides the very best quality homes and services to its residents and one which fosters a welcoming, inclusive, safe and vibrant community. The East Village is at the heart of the wider transformation of east London."
Ralph Luck, Director of Property at the Olympic Delivery Authority, which is developing the Village, said:
"The East Village will become a significant new community within London, surrounded by world-class sports venues, enviable shopping facilities and excellent transport links.
"A key part of the Games Bid was to create a lasting residential legacy and the ODA is delivering on that commitment as part of the sale of the Village to QDD and Triathlon, with the naming of the neighbourhood as the first major step in bringing identity to this thriving new destination and establishing it as the place of choice to live in London."
