A three-way partnership between LCR, the Department for Transport and the high-speed rail company HS1, sold the taxi rank site to the developer.

Telford already has planning for the 380 homes development, of which 60% will be build to rent and 40% affordable, bringing much-needed housing to East London in line with Government housing targets.

The sale of the combined site on a long lease forms part of a long-term, LCR-led project to consolidate complex land interests and enable development and regeneration across Stratford City over the last 25 years

Jerome Geoghegan, Land & Planning Director at Telford Homes, said: “Stratford is one of the most exciting places to be in London, and we’re witnessing the benefits of effective placemaking in real-time.

“Having developed more than 1,750 homes in the area over the last twelve years, securing the opportunity to deliver more homes for the neighbourhood means we’re able to further contribute to making Stratford a world-leading destination, as well as improving housing supply.

“This site is a great example of our aim to build sustainable communities and create rewarding opportunities for our partners, residents and the communities in which we build.”