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18/02/2019

Lendlease to deliver Thamesmead

Words: Laura Edgar
Aerial of Thamesmead / Kieon3 2017

Housing charity Peabody has chosen Lendlease as the preferred bidder to help to deliver the £8 billion Thamesmead Waterfront development in South London.

Subject to finalised contracts, Lendlease and Peabody will work together in a corporate joint venture on a masterplan for the development over the next 30 years.

It is expected than the agreement will be finalised by this summer.

The 250-acre site is situated along 2.5 kilometres of the River Thames, where there is green space, open grassed and wooded areas, canals, two lakes and an existing town centre. The town spans the same distance as central London.

Plans would see 11,500 homes built around a proposed DLR station. Transport for London (TfL) was instructed by the Mayor of London to carry out work on a DLR crossing connecting east and south-east London.

Around a million square feet of new cultural, community and commercial spaces will also be created.

Brendan Sarsfield, chief executive at Peabody, said: “Our shared vision is to create thousands of new homes by the Thames and drive the local economy through new jobs and commercial spaces. With a new DLR river connection complementing the Elizabeth line on the other side of town, Thamesmead would be more connected to the city than ever before. This would unlock enormous potential and could be a real game-changer for this part of London.”

Dan Labbad, CEO at Lendlease, Europe, added: “Surrounded by water and outstanding wildlife, but within reach of the heart of the capital, we are excited at the opportunity to collaborate with Peabody, the local community and businesses, to bring new high-quality homes and workspaces to this exciting part of south-east London”.

Image credit | Kieon 3

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