Member Article

Mayor gives formal nod of approval for Greenwich Peninsula scheme

The Mayor of London Boris Johnson given the go-ahead for the capital’s largest single regeneration development in the Greenwich Peninsula, set to create tens of thousands of home and jobs.

Grant planning permission in August, a revised masterplan for nearly 12,678 homes and 12,000 jobs on a previously disused gasworks will create an entire new district formed of five neighbourhood zones.

Developers Knight Dragon are already in the process of building a further 2,822 homes on the site, which was taken on by the Mayor in 2012.

Plans also include 220 serviced apartments, 24,000 square metres of retail use, 60,000 square metres of business use, two new schools and two new hotels.

The development will also feature a 40,000 square metre film studio, a visitor attraction and increased green open space including an extension to the existing Central Park.

The Mayor of London, Boris Johnson, 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 underway. 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.”

Developers Knight Dragon has 2,882 homes already under construction as part of existing planning permission, of which 1,002 are affordable.

The masterplan approved by the Mayor includes 2,928 affordable homes, while a review mechanism has been included in plans, which could deliver an additional 1,572 affordable homes.

Richard Margree, Chief Executive of Knight Dragon, said: “The continued support of the Mayor and his team has given us the confidence and ambition to start the transformation of London’s biggest regeneration site.”

This was posted in Bdaily's Members' News section by Ellen Forster .