Red Door Ventures placed under review

The Collective Old Oak

Newham mayor says developer morphed into ‘a cash cow’ for the council

Speaking at The London Real Estate Forum (LREF) last week, Fiaz said: “We are going through a review process with Red Door Ventures, particularly in terms of how and if it can be recalibrated to help contribute to my agenda for a rebalancing around social rented homes.”

In her manifesto ahead of the local elections in May, Fiaz had pledged that 50% of homes being built by Red Door Ventures would be let at social rents on long-term tenancies.

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