Fairview New Homes has completed the purchase of the former Ibis Budget London City Airport hotel from Accor Hotel Group.

The developer is now preparing a planning application for a residential scheme comprising c. 150 new private and affordable homes which will be submitted in early 2022.

Jon Spring, Main Board Land Director for Fairview New Homes, commented: “This site will make an important contribution to the regeneration of this area of the Royal Docks and we look forward to working with London Borough of Newham to bring forward a residential scheme which will contribute to the delivery of important new homes for London.

Fairview remains well funded and is actively seeking similar deals on an unconditional or subject to planning basis across Greater London and the South East.”