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Major Greenwich Peninsula project makes waves

by on August 16, 2013

An important milestone has been reached in plans for thousands of new homes and jobs for south east London, now a section 106 agreement has been agreed for revised proposals for the development of the Greenwich Peninsula site.

The final stage of planning consent, to build almost 3,000 homes on the 190-acre site, the majority of which is owned by the Greater London Authority, has been secured by development partner Greenwich Peninsula Regeneration Ltd (GPRL), a joint venture between Knight Dragon and Quintain.

The overall development will eventually deliver around 10,000 new homes – including approximately 3,270 affordable homes for rent or part-rent – along with 600 student bedrooms and some 3.5 million sq ft of commercial floor space. The scheme is set to transform what was once the site of a gas works into a major new residential, business and leisure district.

Construction work on the southern quarter of the site will begin by the end of the summer to deliver the next phase of residential development, comprising 704 homes.

Councillor Chris Roberts, leader of the Royal Borough of Greenwich, said: “After nearly 10 years of delays in bringing forward this phase of the housing, this approval is therefore extremely good news.”

Read the Mayor of London press release.

Roger Milne

16 August 2013

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