Plans to build more than more than 200 new homes on Greenwich Peninsula have been given the green light this week.
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Detailed plans for 207 new homes given the green light by London Borough of Greenwich
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Plot will include 82 affordable homes
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Delivered by a joint venture with Moat Homes and London and Quadrant Housing Trust (L&Q)
Plans to build more than more than 200 new homes on Greenwich Peninsula have been given the green light this week. The London Borough of Greenwich Planning Committee passed the resolution to grant consent on Thursday 28 February.
The 207 homes will occupy a prominent plot on the 190 acre development site - one of London’s largest regeneration projects. Over the next 15 years Greenwich Peninsula will become a vibrant, new riverside community with 10,000 new homes, the creation of 24,000 permanent jobs, a new business district, leisure facilities, parks and open spaces.
The £5 billion plus scheme is being delivered through a joint venture between Lend Lease and Quintain Estates and Development plc (Greenwich Peninsula Regeneration Ltd), working with the landowner English Partnerships, the national regeneration agency. Work is expected to start on the site in late 2008.
The plot is being delivered by Mode Homes, a joint venture between Greenwich Peninsula Regeneration Ltd, London and Quadrant Housing Trust (L&Q) and Moat Homes, including the delivery of the private housing for sale. The plot, designed by Jestico and Whiles, faces west across Central Park towards the Pilot Inn pub and contains 40% affordable homes. 62% of these will be rented units, with the balance intermediate affordable. The site demonstrates high design standards in terms of its external appearance, the internal layout of the homes and the communal amenity of a courtyard on the site.
The successful application combines high design standards with the latest advances in eco-building, such as green roofs and rainwater recycling, with renewable energy features also part of the sustainability measures for these plots.
Welcoming the planning consent, Mike Youkee, Joint Chief Executive of Greenwich Peninsula said:
“We are now firmly in the delivery phase of this important scheme for London and I’m delighted that this successful consent follows the first commercial pre-let to Transport for London and getting under way building the first new homes.
“With work about to start at Ravensbourne College and more planning applications due to be submitted in the next couple of months this is an exciting time. We are creating a unique new community for London which will be well-designed, affordable and eco-friendly.”
Phil Dibsdale, Area Director at English Partnerships said:
“This is an important milestone in the creation of a new urban district for London. As well as a great place to live and work, Greenwich Peninsula will be a sustainable community in every sense thanks to the provision of shopping and leisure facilities, excellent transport links and environmentally friendly buildings. Huge steps have already been taken towards transforming the peninsula and this planning decision maintains that momentum.”
Paul Hackett, Executive Director of Development & New Business at Moat said:
“Moat is proud to be part of one of the largest and most exciting regeneration projects in Europe. Moat has been working on Greenwich Peninsula for more than ten years, starting as affordable housing partner on Greenwich Millennium Village and now working with GPRL and L&Q to deliver a mix of market and affordable housing further up the Peninsula. This partnership is a great example of housing associations working with the private sector to deliver mixed and sustainable communities.”
David Montague, Group Chief Executive of L&Q, said:
"L&Q is working hard to deliver on the Government targets for affordable housing and we look forward to becoming a major part of these plans. Of the 10,000 homes built on the Greenwich Peninsula, L&Q will be responsible for 1,500 providing a mix of rented and shared ownership schemes - a tremendous task but one we look forward to delivering. L&Q’s financial strength and experience allows us to get involved in large scale projects such as the Greenwich Peninsula continuing our mission of creating places where people want to live."
Notes to Editors
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.
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10,000 new homes in distinct residential neighbourhoods
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24,000 permanent jobs
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Peninsula Central - a new business district for London
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150 new shops and restaurants
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1.6 miles of river frontage; the distance between Waterloo and London Bridge
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48 acres of open spaces and parks; the size of Green Park
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Extensive new community and leisure facilities
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The O2 entertainment destination delivered and operated by AEG Europe
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Excellent transport links, situated in zone 2 on the jubilee line
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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.
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 business segments - fund management, property investment and urban regeneration.
Quintain is listed on the London Stock Exchange and is a FTSE 250 company.
www.quintain-estates.com
About English Partnerships
English Partnerships is the national regeneration agency helping the Government to support high quality sustainable growth by creating well-served mixed communities where people enjoy living and working. 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.
www.englishpartnerships.co.uk
About Moat
Moat is a housing association that has provided affordable homes for people in the south east over the past 40 years. With particular strengths in affordable home ownership and key worker housing, Moat also provides general needs homes for affordable rent.
Employing 450 people and managing over 18,000 homes for affordable rent and shared ownership, Moat is one of the Housing Corporation's development partners and is also the government's appointed HomeBuy Agent in Kent, Essex and Sussex. Moat's aim is to be a leading housing association offering excellent customer service and building high quality affordable homes within thriving communities.
Moat's London region owns and manages almost 4,000 homes across 27 local authority areas. Moat is an active partner in the Greenwich Millennium Village, Convoys Wharf and Greenwich Meridian Delta regeneration projects.
www.moat.co.uk
About L&Q
The L&Q Group manages more than 57,000 homes across London and the South-East, and builds around 1,100 new homes each year.
It is a not-for-profit housing association, overseen by a voluntary governing board. It is an exempt charity and does not have shareholders.
The Group generates income from a mix of rents, Housing Corporation grants and private finance.
www.lqgroup.org.uk
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