Newham-backed 3 Thames Road celebrates latest landmark
Author: Tom Parker | Published: December 2, 2025
Specialist DB insurer Pension Insurance Corporation (PIC), alongside the Newham LGPS fund, has celebrated the latest landmark in the 3 Thames Road development.
Based in the borough, the project will deliver 161 apartments in the key area of Silvertown – including discounted market rent and London Affordable rent with a minimum of 35% affordable homes.
It forms part of a wider development of the Royal Docks and is designed to address the housing shortage in the area.
Once completed, the residential blocks will house seven studio, 53 one-bed, 48 two-bed, and 52 three-bed apartments, as well as one four bed apartment – alongside amenities including family space.
Newham mayor Rokhsana Fiaz said: “It’s great that this project, so close to the Thames Barrier Park on our amazing Royal Docks, has reached this major milestone.
“When completed it will provide more than 50 affordable homes, that will go to local families at either a significant market discount or at London Affordable Rent, which is a truly fantastic achievement.
“This project is a great example of how our Council is working with trusted developers like Pension Insurance Corporation and Reef + Partners, to tackle the housing crisis and deliver new homes for residents.”
PIC Capital head of strategy Max Cawthorn added: “We are proud to partner with the London Borough of Newham and Reef + Partners to build these homes. PIC believes in making long-term, stable and productive investments in the UK.
“These homes have a clear social purpose and will secure dependable cashflows to pay the pensions of our policyholders for decades to come.
“This project addresses a critical housing challenge by moving families from temporary accommodation into permanent homes, supporting the London Borough of Newham to address urgent housing needs. We look forward to completing the scheme and welcoming the first residents.”
