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Search the Public Notice PortalA £72 million investment will restore and transform seven listed gasholders at a historic site into housing.
St William, a Berkeley Group company, has received full planning permission for the Bromley-by-Bow Gasworks regeneration project.
This comes after a section 106 legal agreement with Newham Council.
The 23-acre brownfield site, part of London's industrial history, will see the construction of more than 2,150 homes.
The project will also make the site publicly accessible for the first time in 150 years.
The historic gasholders will be integrated into the project, with 70 per cent of the site becoming open space, including a 4.2-acre park along the River Lea.
Dean Summers, managing director of St William, said: "This is one of the most challenging brownfield sites in the country and transforming it into thousands of sustainable, well-connected homes and a publicly accessible 4.2-acre river front park was always going to require a unique, collaborative solution.
"It is a testament to our brilliant partnerships with Historic England and Newham Council and the invaluable input we have received from residents that we have reached this milestone and that we move one step closer to realising this site’s enormous potential."
St William collaborated with Historic England, which it said provided early clarity about the site's most significant heritage features and expert advice on how the development could complement the site's historic character.
Tom Foxall, regional director for Historic England in London and the south east, said: "The regeneration plans for Bromley-by-Bow Gasworks are an exemplar of how historic brownfield sites can be transformed into new developments that both help address the housing shortage and boost local economic growth, while embracing an area’s cherished heritage."
The project is expected to create more than 2,800 on-site jobs during construction, 30,000 square feet of new commercial space, and will contribute £4.4 million towards local skills and employment programmes.
The development will also contribute £4.79 million to sustainable transport initiatives, including cycling and pedestrian routes and upgrades to bus services and infrastructure.
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