East Wick and Sweetwater, London

We are developing affordable housing, private housing and rental properties on the site of the London 2012 Olympic Games. The Development Agreement is with the London Legacy Development Corporation (LLDC).

£90 million

Total debt and equity funding

This Explore Balfour Beatty Investments’ milestone project, redeveloping the East Wick and Sweetwater site into affordable, private rental homes. project includes the build and finance of 1,800 homes at the London Olympics venue as part of the redevelopment of the site. This project is a milestone, marking the company’s entry as an investor and developer into the UK’s regeneration and housing sector.

This is a 50:50 joint venture with property management and development group Places for People. The project will see the creation of 450 affordable homes, 530 private homes and 540 rental properties to be built and divided into two neighbourhoods, called East Wick and Sweetwater. Each neighbourhood will include shops, restaurants, offices, workshops and public spaces.

Key figures

  • Phase 1 – 302 units across 4 blocks.
  • £78m senior debt funding from Homes England Homes Building Fund to be recycled and used across multiple phases.
  • Significant equity commitment by both shareholders.
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