Peabody Group, a housing association, completed the acquisition of Dagenham Dock, a 44-acre brownfield site, from Private equity firms Europa Capital and St Congar Land, a real estate manager, for £100m. “Back in 2016 we recognised the massive potential of Dagenham Dock, a site rare in its scale and steeped in history. Demand for land in London on which to build affordably priced housing has outstripped supply for some time. Having undertaken a thorough remediation of the site, we have created land suitable for development of new homes. Peabody is an experienced and trusted developer with a great track record in the delivery of affordable and market homes for Londoners and we have been working closely with them throughout this process. Additionally, by completing this transaction with Peabody, we are providing an attractive exit point for our investors," Hugo Black, Europa Capital Partner.