Beam Park named PRS Deal of the Year at RESI Awards 2022
We are delighted that our Beam Park development was named PRS Deal of the Year at the RESI Awards 2022 last night. The Awards, organised by Property Week, recognises the residential property sector and its success that demonstrate a leading approach and exemplary project delivery.
Beam Park is one of London’s largest new neighbourhoods totalling 3,000 homesand owned by the GLA. We have partnered with L&Q in a joint venture to deliver the neighbourhood with 50% affordable housing, and over 50% of the site as green space. The scheme includes two schools, a neighbourhood centre with lettings to local businesses, and a new nursery.
Unlocking the delivery at pace was key to the GLA and the London Borough of Barking and Dagenham. This twinned deal has enabled construction on site of 900+ homes at present (50% affordable), which represents one of London’s largest live construction sites. Beam Park is an ambitious collaborative partnership with unparalleled commitment to getting on with the important job of building homes for all Londoner’s.
Our partnership has already been driven by the vision to create an inclusive neighbourhood at Beam Park. Bringing together a complex PRS partnership during Covid, under tight deadlines and with complex deal structures, alongside twinned delivery, makes this an incredibly unique multi-partner deal for the local community.
This timely recognition is a testament to our collaboration with our coveted partners to find innovative ways to deliver more high-quality affordable housing at good value to the public purse and represents public private partnership at its best.
Huge congratulation to our teams and partners for achieving such a commendable feat.