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23/11/2015

Greenwich Peninsula regeneration approved

Words: Laura Edgar
Greenwich Peninsula

Mayor of London Boris Johnson has granted approval for the regeneration of Greenwich Peninsula, including 12,678 homes.

A revised masterplan also includes provision for 12,000 jobs on the previously disused gasworks. The work will see a new district formed, made up of five neighbourhoods.

Action on the 80-hectare site, which runs along the River Thames, stalled in 2004 despite the approval of a similar masterplan, but outline planning permission was granted for the current plans in August.

The proposals also include 220 serviced apartments, 2,928 affordable homes, 24,000 square metres of retail use, 60,000 square metres of business use, two new schools, two new hotels, a 40,000-square metre film studio, a visitor attraction and additional green space. The affordable housing will be mixed, split between social housing and intermediate and located across all five neighbourhoods. 

Additionally, developer Knight Dragon is already in the process of building a further 2,822 homes - 1,002 of which are affordable - on the site, bringing the total number of homes on the Greenwich Peninsula to 15,720.

The mayor took the site on in 2012 and it is part of his plans to release surplus public land to boost construction jobs, increase investment and deliver additional housing.

He said: “This gigantic site at Greenwich Peninsula has sat dormant for far too long, so I’m pleased that since City Hall took control of this land, we are already beginning to see construction under way. This will not only provide thousands of much-needed new homes for Londoners, but also bring jobs as part of the wider regeneration towards the east of the capital.”

Danny Thorpe, Royal Borough of Greenwich cabinet member for regeneration and transport said: “The council has long held a vision to make the most of the huge potential offered by the Greenwich Peninsula.

“We are particularly proud that, at a time of critical housing shortage, this development will deliver so many affordable homes, of which more than two-thirds will be for social rent, at no more than 50 per cent of market rent.”

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