The site adjacent to St Ann’s Hospital in South Tottenham will also provide enhanced green spaces, shops, and other commercial uses, including affordable workspaces, while retaining and restoring several historic hospital buildings.

Hill will deliver 239 homes within the first phase which gained detailed approval. Outline plans for an additional 756 homes will be built over future phases.

Work is set to begin in Spring 2023 with consultation on future phases starting later that year.

The first homes are expected to be complete from 2025, with the final development completion expected in 2030.

The location was originally purchased by the Mayor of London using some of his £250m Land Fund to acquire land to deliver more affordable homes for Londoners.

Catalyst was selected by the Mayor to develop the site in late 2020.

The existing Peace Garden at the heart of the site will be trebled in size to include new public realm areas, play space, and further green space; and a network of new green spaces will be created around the existing trees.

There will be a mix of tenures on the site, including private sale, London Affordable Rent, London Living Rent, and Shared Ownership.

The sites include building over redeveloped Waitrose stores in Bromley and West Ealing in Greater London, as well as replacing a vacant John Lewis warehouse in Mill Lane, Reading.

(L-R) Planning applications for Bromley and West Ealing will be submitted early next year after local consultations.

Planning for the redevelopment of Mill Lane, Reading will follow later this year

John Lewis has committed to deliver 10,000 homes in the next 10 years – 5,000 of these will come from schemes on the Partnership’s own property portfolio.

It said it has already identified around 20 sites that it will extend or redevelop with build to rent schemes, and then become the landlord once housing is built.

John Lewis said the build-to-rent residential property market in the UK is forecast to double in size, with 30,000 new homes completed annually by 2026, according to research by the property firm Savills.

In London alone there is a shortfall of 75,000 rental properties.

Nina Bhatia, executive director for Strategy and Commercial Development at the John Lewis Partnership, said: “We continue to work with the local authorities and communities to evolve our plans and expect to announce more details for West Ealing and Bromley in due course, before aiming to submit our first planning applications next year.

“A first public consultation for the site in Reading is expected in 2023. Residents can expect homes furnished by John Lewis with first-rate service and facilities.”

Neil Slater, Head of Real Assets, abrdn, said: “The critical lack of quality rental accommodation in the UK needs to be addressed, so we are delighted to partner with the John Lewis Partnership to provide the required institutional investment.

“The ambitions and responsible ethos of our brands both strongly align, and our partnership should offer investors long-term returns and give residents confidence in a top-quality living experience.”

The 348 new homes project is being developed by Transport for London’s commercial arm along with housing association A2Dominion are developing the near 350-homes project around the Picadilly Line tube station.

The homes, delivered across four buildings, will be a mixture of one, two and three and four-bedroom properties, providing options for all types of households.

They will be a mixture of shared ownership, which offers an affordable route into homeownership, and London Affordable Rent, the level of which is set by the Mayor of London and is substantially below open market rents, helping to provide low-cost rented homes to support low-income households.

Plans also involve a new public square, improved pedestrian routes

There will also be 950 sqm of retail space, which will help support the wider local economy.

Steven Waite, Director of Technical and Commercial at A2Dominion said: “Our relationship with Transport for London is bringing a fresh perspective to sustainable housing, with a focus on green energy and transport links to the rest of London.”

Anjna Farmah, Property Development Manager at Transport for London, said: “The development has been designed to preserve the appearance of the Grade II-listed station, while providing improved customer access to platforms.

‘There will also be a range of improvements for the local community, including commercial spaces, a new public square, as well as better pedestrian routes and improved cycle parking.”