The Planning Committee of Waltham Forest Council has approved plans by Legal & General for a mixed use Build to Rent (BTR) development in Walthamstow.

The scheme will deliver 440 homes on a former industrial estate in the heart of East London, close to Blackhorse Road Station, subject to approval by the Greater London Authority.

Dan Batterton, Fund Manager BTR, at LGIM Real Assets, said: "This decision puts us on track to deliver hundreds of new homes in East London, offering high quality yet attainable accommodation on a flexible basis to suit the lifestyles of modern renters. As part of our long-term commitment, we are also helping to open up access to the Walthamstow Wetlands for the benefit of residents and wider public. Across Legal & General's Build to Rent platform we now have 900 homes under planning or in construction as part of plans to deliver 1000s more homes to rent in the UK."

Plans include new cafes, a food store, communal working spaces, open landscaped areas and communal leisure spaces for residents. 100 long-term local jobs will be created as a result plus 3,000 temporary roles over the life time of the development.

The scheme will comprise five gateway buildings along the Walthamstow Wetlands.