A smaller local Sainsbury’s shop will remain in the area (Credit: Google Maps)
Developer Telford Homes intends to build more than 1,000 new homes on the 4.82 acre site in Roden Street. They will be a mixture of “build to rent” and “affordable” properties.
There are also plans for a smaller Sainsbury’s local store to still be based in the area along with other shops.
The Ilford site reportedly benefits from an existing residential led planning permission which Telford Homes is going to “enhance” before applying for planning consent from the local council.
It has exchanged contracts with Sainsbury’s for the conditional purchase of the site once planning permission has been granted.
Sainsbury’s has been redeveloping many of it’s supermarkets into homes since 2009.
“The area is on the cusp of significant regeneration, driven by the opening of Crossrail next year, which is attracting new residents from across the capital,” said Jerome Geoghegan, group land & planning director at Telford Homes.
“With rental demand already outstripping supply, this acquisition represents a significant growth opportunity as we continue to expand our build to rent pipeline.
“We believe this opportunity has all of the characteristics to enable Telford Homes to deliver a best-in-class product in Ilford.”
Sainsbury’s property director Patrick Dunne added: “We have a proud history of serving the Ilford community and we’re partnering with Telford Homes to deliver a renewed vision for Chapel Square.
“We’re committed to working with the community to ensure this development meets their needs now and for the future.”
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