Joint venture partners, The Hill Group, Peabody, and Goodstone Living, have marked a major milestone in the construction of Dagenham Green, the 360-home build-to-rent residential project in East London, with a topping out ceremony.
The partners celebrated construction reaching its highest point on the residential development, comprising an 18-storey tower that now stands as a landmark on the former Ford Motor Company stamping plant site in east London.
Dagenham Green will deliver 360 high-quality private rental apartments across three buildings ranging from 14 to 18 storeys. Located adjacent to Dagenham Dock station with direct rail access to Fenchurch Street in approximately 20 minutes, the development will offer residents an extensive range of amenities, including a concierge service, fitness facilities, co-working spaces, private dining areas and two landscaped podium gardens overlooking a new urban park. Sustainability is also a key focus with EPC B, WiredScore Platinum, and Fitwel 3-star ratings targeted to ensure the highest wellbeing and digital connectivity standards.
The build-to-rent homes are being delivered with specialist real estate developer and investment manager, Goodstone Living. The project is Goodstone Living’s third development on behalf of its first managed investment vehicle, Goodstone Living Partners 1 (“GLP1”), capitalised by the Northern Local Government Pension Scheme (“Northern LGPS”) and Macquarie Asset Management. The fund has two other projects in Edinburgh and Birmingham, totalling ~1,300 ‘next generation’ build-to-rent homes.
Dagenham Green forms the gateway to the wider 3,500 home regeneration masterplan led by Peabody that will also include an urban park, a lake, community gardens, a new secondary school, a medical centre, a community hub and a market square.
The project underscores Goodstone’s commitment to providing high-quality, attainable rental housing in key regeneration areas in collaboration with experienced delivery partners. The expected rents have been purposefully set to ensure the majority of new homes will be attainable to the majority of private renters in the local community – the development is positioned to be among the most affordable modern build-to-rent projects across London. The first homes will be available from summer 2027, with full completion anticipated by summer 2028.
Andy Hill OBE, founder and Group Chief Executive of The Hill Group, commented: “Topping out the tallest building at Dagenham Green is a proud milestone for everyone involved in this project. It is a visible demonstration of the real progress being made on what will be one of East London’s most significant regeneration projects. We have the vision to create an inclusive and welcoming community here, and these BTR homes will provide excellent amenities, connectivity and a ready-made community.”
James McMylor, Managing Director, London North at Peabody, commented: “Reaching the top of the first BTR homes at Dagenham Green is an exciting milestone for the development and a significant step forward in delivering our vision for the area. These new homes mark the start of a vibrant new neighbourhood, providing high-quality rental homes as part of a thriving, mixed-tenure community. Working alongside Hill and Goodstone Living, we’re proud to see this first phase taking shape and helping to create a place where people can live, work and put down roots in east London.”
Iliya Blazic, Chief Executive Officer of Goodstone Living, said: “This is a significant milestone for Dagenham Green and a hugely exciting time for Goodstone Living, following hot on the heels of practical completion at our Dockside development in Edinburgh. Together, these projects demonstrate how institutional capital can play a critical role in addressing the housing crisis across the UK – delivering high-quality homes in places where they are most needed.
“This development embodies our strategy to deliver exceptional rental housing in key regeneration areas, providing homes that are attainable, sustainable and designed around the needs of modern renters. We look forward to welcoming the first residents in 2027.”
