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Notting Hill Housing has been named as the preferred bidder by London Borough of Havering to form a joint venture delivering around 700 much new homes within the Rainham and Beam Park Housing Zone.

The mixed tenure development will provide affordable housing including homes for affordable rent, shared ownership, market sale and private rent.

The sites are close to the proposed new Beam Park railway station, a school, nursery and medical centre, which would provide vital facilities to residents moving into the area.

Transport for London is also supporting the regeneration with a plan to reduce traffic and create a new parkway for existing and new residents and their families.

Kate Davies, chief executive of Notting Hill Housing, said: 鈥淭he transformation of Rainham and Beam Park is a major strategic initiative for Havering Council and we are very pleased and excited to be working with them to help achieve their vision for the area.

鈥淭hat we are also able to increase the amount of affordable housing provided in this new suburb is a boost for everyone involved in the project, as well as the extra families who will benefit from high quality housing within their budget.鈥�

Chief executive of Havering Council Andrew Blake-Herbert said: 鈥淲e are in discussions with Notting Hill to form a joint venture that will play a vital part in our vision for the positive transformation of a large part of Rainham along the A1306.

鈥淭his area is one of the last locations in London where truly affordable houses can be built for local people looking to settle and raise their families, alongside apartments and starter homes.鈥�