Plans for the £1bn redevelopment of the Carpenter Housing Estate near the Queen Elizabeth Park in East London.

Newham Council will deliver 2,022 homes through its wholly-owned housing company Populo Living.

Around 300 existing homes nearly half of the existing estate will be retrofitted to create the borough’s first Green Zone neighborhood.

The masterplan includes over 10,000 sq m of commercial space as a mix of cafes, restaurants, shops, and workshop spaces.

The first job in the 15-year work programme will be the refurbishment of James Riley Point to deliver 132 social rent homes and a community and sports centre

CEO of Populo Living, Deborah Heenan, said: “Newham took the bold step to deliver its own regeneration directly using its own developer, Populo.

“This means that we can deliver half the homes at genuinely affordable rent for those on very low incomes and manage the rest for residents on middle incomes, all coming together to a thriving refreshed community for Londoners of all ages and stages of life.”

“Most importantly, keeping the estate firmly in Newham’s ownership means that we can deliver at pace and deliver the best for our residents, who are in effect our shareholders in over £1bn of investment.”

Further developments on the Carpenters are set to commence in the summer, with the appointment of Jan Kattein Architects to refurbish the former Tenant Management Office and Yes Make which is set to transform the green and play spaces on the estate.