Willmott Dixon has been given the green light to press on with a major housing regeneration project in the London borough of Tower Hamlets.

The company's subsidiary Regen has launched a joint venture with housing and community development association Poplar HARCA, which will see the two parties help revive the seven acre Aberfeldy estate, that sits just two miles away from the Olympic Stadium. While all eyes will be on the English capital when the Games kick off in two weeks time, many officials have voiced a need for a lasting legacy through investment and redevelopment, and this is just one of a plethora of schemes that aim to make this a reality.

In one of the biggest investment plans this part of London has ever seen, the collaboration is set to deliver a £250 million regeneration project which will incorporate a major overhaul of outdated buildings. The work is set to be divided over six phases, spanning 12 years, and will mark a new era in the Tower Hamlets area. Wilmott Dixon announced that the plans will include the provision of 1,176 homes, shops and community and healthcare facilities replacing the old and dilapidated 1950s-era housing with modern amenities. Residents will be able to take advantage of open green space for recreation and social gatherings.

Andrew Telfer, chief executive of Regen, said: "This is a mammoth undertaking that will provide an exciting future for Aberfeldy estate's residents as well as enticing a new generation of people looking to benefit from the region's Olympic legacy and its quick links into Docklands and the City.

"Taking our regeneration experience of similar estates in other parts of London, we are pleased to be working with Poplar HARCA which has a strong and well established presence in this part of east London."

The move comes after Willmott announced that it had won contracts to build three new schools across Wales in a bid to improve the education service within the country.

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