£670m project underway in Stratford
The Cherry Park Partnership – formed by Unibail-Rodamco-Westfield and joint venture partners, Public Sector Pension Investment Board and QuadReal Property Group have start of work on site at the new £670m Cherry Park residential development in Stratford.
The development, which is designed and constructed by Unibail-Rodamco-Westfield, will comprise around 1,200 one, two, three and four-bedroom homes across a range of towers and mansion blocks, complete with residents’ gym, swimming pool and workspace. It will also feature welcoming public realm and open spaces, including play areas within Cherry Park lane and Cherry Park’s square, and pedestrian connections throughout.
The project is one of London’s largest single-site multifamily schemes in London and will see a phased completion with full delivery expected post-2023.
Keith Whitmore, URW’s head of development, design and construction, UK/Italy, said the project is an example of the group’s strategy to increase the densification of its highly connected retail destinations.
“Today we are putting a stake in the ground with our first PRS development in the UK. This residential development demonstrates our commitment to creating and strengthening communities through the mixed-use nature of our sites where we are creating city districts. In Stratford, we have delivered Europe’s number one shopping centre by footfall, Westfield Stratford City, made significant investments into infrastructure, built new offices and hotels and now we embark on our residential development.”