NEAT Developments and BlackRock Real Assets have achieved a resolution to grant planning consent for a mixed-use scheme comprising 33,000 sqm of stacked industrial space, together with 1,800 new homes.

With a total gross development value of over £650m the scheme, anticipated to involve a 10-year development period, was approved by Waltham Forest Council and will see the industrial-led mixed-use development take shape at Uplands Business Park on Blackhorse Lane in London E17.

Youssef Kadiri, MD at NEAT Developments, said: “Uplands is a case study on the potential of stacked developments to unlock mixed co-locations, enabling the shared use of limited space for both light industrial and residential space. It has taken four years and a lot of coordination between all parties to make this scheme possible, but we believe it could prove a template to help alleviate both the shortage of industrial and residential land in London and other large cities.”

Phase 1 will consist of 18,000 sqm of new stacked industrial space over four floors and 119 build to rent (BTR) homes, of which 35% are affordable. This first phase will also allow existing businesses on the estate to move in, while simultaneously freeing up the remaining land for phase 2 of the development. Phase 2 of the development will comprise 15,000 sqm of new industrial space and up to 1,680 new homes.

Extensive new public realm will see 35% of the site public open space, together with a new Waterside Park overlooking the Walthamstow Wetlands.

Uplands will have road and transport connections and is serviced by three nearby train stations; Blackhorse Road Station, Walthamstow Central and Queens Road Overground.

Phase 1 construction works are due to start in 2025 with completion anticipated in 2027/8.