The two sites will be used in tandem to create a strategic development, with the group currently assessing the best use of the combined sites to fit the needs of the local community and economy.
Having seen the potential value in combining these two sites, the group purchased the neighbouring sites, which are set to further enhance the quality of any forthcoming development.
The sites are located at 302-312 Stratford High Street, opposite the Stratford High Street DLR station, with transport links to central and east London and the Queen Mary University of London campus.
They are also a short walk from the Queen Elizabeth Olympic Park, the River Lea, and Westfield Stratford City.
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Jay Ahluwalia, senior director at Dominvs Group (pictured above, right), said: “This is a very exciting investment for Dominvs as we grow our portfolio for future developments across asset classes.
“We’re currently undergoing the necessary research to understand the needs of the local community and economy so we can make an informed decision of the end-use scheme which will contribute positively to the regeneration and growth of the dynamic and innovative Stratford area.
“In the interim, and with the launch of our dedicated social value unit in July, we are conscientiously embedding social value initiatives into each stage of the development lifecycle in partnership with Our Newham and other local community partners, all of which will be announced shortly.”
The deal follows a string of hires in Dominvs’ senior management team during the past 12 months, as the business increases its capacity for securing deals.
Pictured above (L-R): Wesley Ankrah, director of social value and community investment; and Jay Ahluwalia, senior director at Dominvs Group