As the 2012 Red Book showed housing starts are improving, albeit rather skewed in the favour of the outer boroughs. Those outer boroughs saw a rise of 53% compared to the previous year, whereas across inner London that figure was just 1%. So then, to coin that rather annoying phrase in terms of housing starts statistics, whilst we're back in recession and still not up to pre-crash levels, 'every little helps'.
Although recently announcing to scale back the expansion of their UK stores, Spenhill Regeneration (aka the development arm of Tesco), seem to be progressing well on a number of sites across the capital. I've recently come across 3 in fact; Streatham, Bow and Woolwich, all with Tesco supermarkets at their heart and large amounts of residential space to go with them.
Firstly Woolwich Central
(photo taken yesterday). 189 private units, 70 social units.
Gladstone Place, Bow. 146 private, 70 social...
Meanwhile the application which many were calling a 'Tesco village' because it was to provide a school and library, along with over 450 homes and a supermarket in Bromley-by-Bow has hit the buffers. Last year the Secretary of State followed the recommendation of his inspector and rejected the compulsory purchase orders made by the London Thames Gateway Development Corporation, in order for the scheme to go ahead.