Pair set to start work on an initial three schemes at Euston, Silvertown and Stratford

Lendlease and The Crown Estate have set up a development management company to carry out work on a string of major commercial and housing schemes in London and Birmingham.

The pair announced a JV last May which saw the Crown Estate buy a 50% share in six Lendlease projects in the UK including the Australian developer’s schemes at Euston station in London and Birmingham’s Smithfield Market.

Now the two have set up a development management company called the Impact Partnership Joint Venture, that will initially take control of the Euston, Silvertown and Stratford Cross regeneration schemes.

Silvertown

The Silvertown scheme in east London is included in an initial tranche of developments the JV will work on

The JV said work on 326 affordable homes at Silvertown will begin this September with a planning application for Euston due to be submitted next spring.

It said the schemes at Smithfield in Birmingham and Thamesmead Waterfront in London will become part of the JV later this summer.

Major infrastructure works at Smithfield are expected to begin later this year, with the delivery of temporary markets due to start early next year and the first housing block scheduled to commence later in 2027.

Lendlease managing director, development UK and Italy, Andrea Ruckstuhl said: “Together with The Crown Estate, we’ve established a long-term vehicle to unlock some of the UK’s most important regeneration opportunities with a shared commitment to creating places that deliver lasting value for investors and communities.”

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