Building work starts on £670m PRS scheme in Stratford

By Hamish Champ2019-06-19T05:00:00

Joint venture developers claim Cherry Park is the largest single-site PRS development in London

A joint venture between two of the wealthiest property developers in the world and one of Canada’s largest pension funds has begun building work on a £670m private rental housing scheme in east London.

The Cherry Park Partnership is a joint venture between shopping centre developer Unibail-Rodamco-Westfield, Vancouver-based QuadReal Property Group and Canada’s Public Sector Pension Investment Board (PSP) and aims to build around 1,200 homes next door to the Westfield shopping centre in Stratford.

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