Following Rt. Hon Yvette Cooper MP’s visit to Greenwich Peninsula in November, the creation of this new district for London has moved into the next phase. Planning applications have been submitted for a further 512 new homes and construction work is now taking place on the first commercial building.

The designs within the applications for both residential developments demonstrate the environmentally friendly approach of Meridian Delta Ltd, the joint venture between Lend Lease and Quintain Estates and Development plc, which was appointed by English Partnerships, the national regeneration agency, to create a vibrant community at Greenwich Peninsula. A range of features focus on sustainability: green roofs, rainwater recycling and measures to reduce car use while encouraging cycling and walking.

The first plot faces west across Central Park towards the Pilot Inn pub and contains 40 per cent affordable homes. 62 per cent of these will be rented units, with the balance intermediate affordable. 10 per cent of the affordable homes within this building will be adaptable for wheelchair use. This is a joint venture with local RSLs, Moat and L&Q.

The second block is located on the riverside, adjacent to the first commercial building. Of the 305 apartments 92 will be for affordable rent or intermediate, and it’s proposed that the 23 storey building will have three retail units on the ground floor. MDL has joined with Crest Nicholson to promote this plot.

The London Borough of Greenwich planning committee is expected to consider both applications in late February this year.

The first commercial building, which has been pre-let to Transport for London, is being constructed by Bovis Lend Lease.

For more media information, contact Marion Hardman at Four Communications on 0870 066 8738 orgp@fourcommunications.com

Editors’ Notes

About Greenwich Peninsula

The £5 billion regeneration of 190 acres of Greenwich Peninsula led by Lend Lease and Quintain Estates and Development PLC working with English Partnerships, will create a thriving new riverside community for London over the next 15 years.

• 10,000 new homes in distinct residential neighbourhoods
• 24,000 permanent jobs
• Peninsula Central  - a new business district for London 
• 150 new shops and restaurants
• 1.6 miles of river frontage; the distance between Waterloo and London Bridge
• 48 acres of open spaces and parks; the size of Green Park
• Extensive new community and leisure facilities
• The O2 entertainment destination delivered and operated by AEG Europe
• Excellent transport links, situated in zone 2 on the jubilee line
• Aspiration for the highest environmental standards for new buildings.

More information about the development can be found online at: http://www.greenwichpeninsula.co.uk/

About Lend Lease

Lend Lease, listed on the Australian Stock Exchange, is a leading real estate specialist which creates and manages real estates assets around the world.  In the UK its business is focussed primarily in the delivery of large scale mixed use schemes which lead to the regeneration of major urban sites.
http://www.lendlease.com/

About Quintain Estates and Development PLC

Quintain is a leading property investment and development company specialising in strategic property acquisition, redevelopment, asset management and regeneration across the UK.  Quintain operates through three businesses - fund management, property investment and urban regeneration.

Quintain is listed on the London Stock Exchange and is a FTSE 250 company.
http://www.quintain-estates.com/

About English Partnerships

English Partnerships is the Government’s national regeneration agency. Its aim is to deliver high quality, sustainable growth in England. The Agency is overseeing the regeneration of Greenwich Peninsula and has invested over £225 million since 1997.

English Partnerships and the Housing Corporation are working with the Department for Communities and Local Government to establish the proposed Homes and Communities Agency.http://www.englishpartnerships.co.uk/