A three-way partnership between LCR, the Department for Transport and the high-speed rail company HS1, sold the taxi rank site to the developer.

Telford already has planning for the 380 homes development, of which 60% will be build to rent and 40% affordable, bringing much-needed housing to East London in line with Government housing targets.

The sale of the combined site on a long lease forms part of a long-term, LCR-led project to consolidate complex land interests and enable development and regeneration across Stratford City over the last 25 years

Jerome Geoghegan, Land & Planning Director at Telford Homes, said: “Stratford is one of the most exciting places to be in London, and we’re witnessing the benefits of effective placemaking in real-time.

“Having developed more than 1,750 homes in the area over the last twelve years, securing the opportunity to deliver more homes for the neighbourhood means we’re able to further contribute to making Stratford a world-leading destination, as well as improving housing supply.

“This site is a great example of our aim to build sustainable communities and create rewarding opportunities for our partners, residents and the communities in which we build.”

The building, designed by Maccreanor Lavington Architects, will rise to 230m including a short spire, which will be illuminated to light up the docklands skyline at night.

Enabling work on the £250m project next to Marsh Wall could start before the end of this year.

According to the latest plans demolition and construction works are expected to take around four years, allowing the building to open before the end of 2026.

Skyscraper in London’s Canary Wharf will feature a distinctive crown with an illuminated spire

The 54,000 sq ft building will provide 495 flats, including a single luxury penthouse on the top floor. Just over 130 flats will be affordable within the building.

The two residential towers will rise to 34 and 37 storeys with the shorter connected to a nine-storey podium of offices.

In total the next phase of development on plot F, near the site of the former Daily Mail printworks, will provide 410 flats with balconies, a roof top park above the offices which will offer 37,540 sq m of workspace.

This next phase has been designed by Allford Hall Monaghan Morris, with Aecom providing project management and Gardiner& Theobald as cost consultant.

AKT II is the structural and facade engineer with MEP and Vertical Transport designed by Sweco

It follows three other major building projects, which moved to construction last year. Wates picked up Plot A1 – a 270,000 sq ft 35-storey tower for 186 build to sell homes.

Mace took the contract for Plot A2 – a 250,000 sq ft office-led project including a 56,000 sq ft leisure centre, McAleer and Rushe is working on Plot K1 – a building solely for 79 affordable homes.

Together these three projects are worth around £300m.

Designed by HawkinsBrown and Mae Architects, the scheme will be built across four buildings located adjacent to Cockfosters London Underground station in Enfield, subject to conditions.

Construction is set to get underway before the end of this year.

It is the fourth project being brought forward by the Connected Living London JV and will include 40% affordable housing, commercial space, better public realm, and new operational space for TfL.

The new homes will be mix of one, two and three-bedroom properties.

Ben Tate, a spokesperson for CLL and head of property development at TfL, said: “We’re really pleased to have been given the go-ahead for our proposed development by Cockfosters Tube station, building on the success of our CLL schemes in Southall, Nine Elms and north Lambeth.

“It will contribute around £4.5m to help improve local infrastructure and services.”

With the capital’s shortage of quality rental properties and affordable homes, CLL was established in July 2019 with an ambition of creating mixed tenure rental communities in the Capital.

Nine Elms overstation scheme will contain nearlyt 500 flats

The green light for Cockfosters follows successful outcomes for applications to deliver 460 new rental homes in Southall at a project known as the Sidings, which due to start in the second quarter of 2022.

Southall station rental scheme in West London

Work is also due to start shortly on Montford Place in Kennington, the JV’s 139 rental homes project in north Lambeth, which was a project site for the Northern Line Extension.

For the large Nine Elms overstation scheme in Vauxhaul, Mace and Bouygues are understood to be among firms that have submitted bids to build 479 new rental homes. This scheme has just advanced this month to tender assessment.

Collectively, these four schemes will deliver more than 1,400 new rental homes across the city.