U+I has exchanged contracts with Parkdale Investments to bring forward a £95m mixed-use regeneration project on Blackhorse Road in North East London.

The 3-acre industrial Forest Works site has the potential to deliver 300 new homes and 5,500 sq ft of commercial space.

Next to the Blackhorse Road Station, the site sits within an area that has already been earmarked for significant wider regeneration with over 2,500 homes in the next ten years.

Simon Hesketh, Director of Regeneration, U+I said: “We are delighted to be working with Parkdale Investments on a mixed-use regeneration project that will deliver significant benefits to the local area.

“Forest Works demonstrates U+I’s ability to uncover regeneration opportunities within emerging parts of the London City Region.”

An initial planning application is expected to be submitted in early 2017.