Willmott Dixon’s development division has reached financial close on phase one of the £250m transformation of the Aberfeldy estate in Tower Hamlets

Aberfeldy estate phase one - Willmott Dixon

Willmott Dixon’s development division Regen has reached financial close with Poplar HARCA on phase one to build 105 private sale homes with a development value of £30 million.

This means construction work by Willmott Dixon’s contracting business will begin in March to build the housing and some retail units over the next two years.

The multi-phase regeneration of the seven acre Aberfeldy will see 1,176 homes, shops, healthcare and community facilities created over 12 years.

The work replaces dilapidated 1950s-era housing to provide a better living environment for residents, complete with new shops and open, green spaces for recreation.