Peabody and Hill land a whopper on Fish Island

East London’s Fish Island, which has been described as the new Shoreditch, is to get hundreds of new apartments as part of a new housebuilding investment partnership revealed on Thursday.

Housing association giant Peabody and housebuilder Hill said they have formed a new joint venture to build £350 million of affordable and private homes.

The pair put land they respectively own — at Fish Island and at Lea Bridge Road in Leyton — into the venture.

The Fish Island development, near Westfield Stratford City, will include 580 properties as well as space for The Trampery, which lets office space to start-ups.

In Leyton, they will build 300 residences across nine blocks. Homes at the regeneration schemes will start completing from next year.

The tie-up comes three months after Peabody announced it was joining rival Family Mosaic to create an association with £6 billion in assets.

Hill chief Andy Hill said: “These two new projects cement us as a key player in city centre regeneration.”