Greystar, a global leader in the investment, development and management of high-quality rental housing, has reached a major construction milestone with the topping out of Stratford Mill, a new build-to-rent development in East London.

The development will operate under Greystar’s growing European rental living brand, Momento, and is expected to welcome its first residents in 2026. Located in the heart of Stratford’s Pudding Mill area, Stratford Mill will deliver a total of 247 new homes, including 205 professionally managed rental units operated by Greystar and 42 affordable homes operated by housing association SNG (Sovereign Network Group).

Momento Stratford will feature a range of resident amenities and landscaped public spaces, forming part of the wider regeneration of Queen Elizabeth Olympic Park and contributing to the creation of a new residential neighbourhood with excellent transport connections and access to local employment, culture and leisure.

Greystar acquired the Stratford Mill site in 2023 and secured a £68.5 million debt facility in 2024 to support delivery. Despite ongoing challenges in the construction and financing sectors, the project highlights Greystar’s ability to advance new rental housing in the current market. It also reflects the company’s long-term confidence in London and its continued commitment to providing well-managed rental homes at scale across the UK.

Daniel Thompson, Managing Director – UK Development, Greystar, said: “The topping out of Stratford Mill marks an important step forward for our UK development pipeline. In a challenging market, maintaining momentum on projects like this shows our confidence in the strength and resilience of the rental sector. It also recognises the hard work and collaboration of our team, our partners and the local community.”

Pat O’Hare, Regional Director, GRAHAM, said: “This milestone reflects the dedication and professionalism of everyone involved. Reaching this stage on programme, amid wider market pressures, underlines the focus and expertise of the delivery team. We look forward to completing the next phase of works.”

Paul Haines, SNG’s Construction and Delivery Director, commented: “It’s fantastic to see this development reach another key milestone. Through partnership working we’re able to deliver good affordable homes for people with access to excellent transport and jobs in this exciting corner of East London.”

Once complete, Momento Stratford will offer a mix of modern apartments designed for long-term renters, complemented by shared amenity spaces that promote connection, wellbeing and convenience. Greystar’s operational expertise will ensure residents benefit from consistent service and professional management.

Stratford Mill will join Greystar’s expanding Momento portfolio, which now includes Momento Barking, following Greystar’s acquisition of Barking Wharf in September 2025, the recently opened Momento Hayes, and Momento Staines-upon-Thames, which will begin leasing in December 2025, alongside communities in Vienna and Berlin. The growth of the brand underlines Greystar’s commitment to creating a network of professionally managed rental homes across Europe’s undersupplied urban markets. Momento is designed for modern urban living, combining thoughtfully designed homes with high-quality amenities, services and community spaces.