Goodstone Living has secured debt financing of £95m from Bank ABC and AIB GB to deliver 360 new high quality build-to-rent homes at Dagenham Green in East London.

The project is Goodstone Living’s third development on behalf of its first managed investment vehicle, Goodstone Living Partners 1, capitalised by Macquarie Asset Management and the Northern Local Government Pension Scheme. The full-service business now has approximately 1,300 ‘next generation’ build-to-rent homes under construction across Edinburgh, Birmingham, and now London.

Situated within the first phase of the broader 3,500 home masterplan at Dagenham Green, this project will offer a range of one, two, and three-bedroom apartments across three residential buildings ranging from 14 to 18 storeys. The development is located adjacent to Dagenham Dock train station, providing direct access to central London in about 20 minutes.

The project will feature extensive amenities, including fitness and co-working areas, a concierge service, private dining spaces, and two landscaped podium gardens that overlook a new urban park. Sustainability is a key element, with the rental homes aiming for high environmental performance, including energy-efficient systems and green building certifications such as EPC B, WiredScore Platinum, and Fitwel 3-star ratings.

Dagenham Green will provide high quality, attainable rental housing in one of London’s most important regeneration areas – from a former Ford stamping plant site to a vibrant mixed-use local neighbourhood. With rents set to be attainable for the majority of private renters in the local community, this development is positioned to be the most affordable modern build-to-rent offering in the capital. The first homes will be available from summer 2027, with full completion anticipated by summer 2028.

Iliya Blazic, Chief Executive Officer of Goodstone Living, said: “Dagenham Green is a key regeneration site in London and will help address the chronic housing shortage in the capital.

“We’re delighted to be bringing forward this development with Bank ABC and AIB and we look forward to continuing to build upon our strong partnership to unlock further opportunities across our UK living sector pipeline”

David Brew-Riverson, Senior Relationship Manager at ABC International Bank plc, said: We are delighted to support Goodstone Living again with this significant step towards helping to tackle the shortage of new accessible housing in the Greater London area. Our collaboration reflects the new opportunities that are arising in the Build to Rent sector and aligns with the Bank’s strategy to support transformative residential developments in key urban areas.

Kieran Redford, Relationship Director at AIB, said: “AIB is pleased to further support Goodstone Living with this development, providing much-needed housing in a significant regeneration scheme. Build-to-Rent is a key sector for AIB, with a focus on sustainability and green living as we support the transition to a low carbon economy.”