Parts of the Woodberry Down Estate in Hackney, comprising 1,980 properties, date back to the 1940s and have been in need of improvement for many years.
Berkeley began to regenerate the estate in 2005 and has already built 862 new homes. A further 180 homes are currently under construction.
The Mayor of London has now given the green light for the next seven phases of the Woodberry Down Masterplan.
This gives Berkeley Homes full permission to demolish the estate’s remaining blocks and replace them with an additional 3,242 new homes and 120,00 sq ft of non-residential floorspace.
In total the full scheme when complete will deliver 4,284 homes. half of these will be affordable (60% affordable rent and 40% intermediate) a net gain of 776 properties. The remaining homes will be sold on the open market.
A range of new facilities will also be built including three new public parks, improvements to transport infrastructure, a community centre and library, a new Academy, an extended primary school, a new children’s centre and retail and commercial space.
Stewart Murray, Assistant Director of Planning at the Mayor of London’s Office said: “This is one of the biggest estate renewal schemes in the capital and will provide a boost to Hackney by delivering much needed new homes and infrastructure.”