Wates’ contract is for Anthology’s Hoxton Press development, comprising a 20-storey tower block and a 16-storey block alongside Shoreditch Park and Regents Canal.
The towers, designed by Karakusevic Carson Architects and David Chipperfield Architects, form part of the regeneration of Hackney Council’s Colville Estate in Hoxton.
Instead of being called just Tower 1 and Tower 2, they have been named in the ancient Greek version: Mono and Duo.
Completion is expected by summer 2018.
The growth of Wates’ project portfolio follows the 2014 appointment of Mark Tant to head up the expansion of the business’ presence in London’s private residential market.
Mark Tant, managing director of Wates Construction’s London private residential division, who joined the company in 2014, said: “I joined Wates with a vision to increase our presence in this thriving sector and bolster the business’ already prominent position as a respected market leader. The achievements of the past 12 months and our expanding presence in the private residential market are a huge testament to the success the business is seeing in its growth strategy.”
Wates has now booked £182m of private house-building work in the past year.
David Newey, project director for Anthology Hoxton Press, added: “At Anthology, we put community into the heart of everything we do and, with Wates’ support at Hoxton Press, we will be providing a community café for all local residents to enjoy.”