Firm buys plot for affordable London homes

16th February 2018

Property developer Pocket Living has agreed to buy a site in Leyton, east London, for £9m and plans to build around 200 affordable homes there. These homes will be offered at a discount to the local market of at least 20% as part of the firm’s plans to build 1059 affordable homes over the next three years. Pocket's one- and two-bed flats are designed with millennials in mind. The units are built off-site in the company's factory, and are then transported into the capital; last year, Mayor Sadiq Khan invested £25m in the firm, to fund the construction of over 1,000 Pocket homes.

City AM (13/02/2018)