British Land has committed to Phase 2 of Aldgate Place, a 136,000 sq ft residential led, mixed use scheme located on the City of London fringe.

The building will comprise 159 premium Build to Rent apartments, 19,000 sq ft of office space and 8,000 sq ft of retail and leisure space. It will be located adjacent to Aldgate East and equidistant between Crossrail stations at Liverpool Street and Whitechapel.

Simon Carter, CEO of British Land, said: “We are excited to commit to Phase 2 at Aldgate Place, our first Build to Rent development will be an exceptional building in a thriving part of the City. This is another example of us executing against our strategy, exploiting our competitive strengths in development to deliver high quality space with a range of uses in excellent locations.”

In addition to the Build to Rent apartments being developed at Aldgate Place, British Land will also deliver between 2,000 and 4,000 homes as part of the flexible planning consent secured at Canada Water, its fourth London campus.

Works at Aldgate Place will commence on site in Q3 2021. Phase 1 of the scheme was completed in 2017 and comprised 304 apartments and a 160 bedroom hotel.