Mayor Boris Johnson has OK-ed the revised Greenwich Peninsula masterplan, paving the way for London’s biggest single regen project.
As a result, 12,678 new homes will now go up on the 80-hectare site (a former gasworks). Hong Kong developer Knight Dragon is already in the process of building a further 2,822 homes, which will bring total housing delivery on the Greenwich Peninsula to 15,720.
The project had stalled after a similar scheme was given the nod in 2004; Greenwich Council granted outline planning permission in August, but it should be full steam ahead now that the Mayor is also fully on board.
The plans also include 220 serviced apartments, 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 plenty more green open space. The end result will be a whole new district twice the size of Soho.
Boris Johnson: “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.”
Councillor Danny Thorpe, Royal Borough of Greenwich Cabinet Member for Regeneration and Transport: “The Council has long held a vision to make the most of the huge potential offered by the Greenwich Peninsula. The approval of this planning application makes it one of the most exciting developments in London, bringing huge long-term regeneration benefits to the Peninsula and cementing it as a new district for London.
“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.
“This is an ambitious vision for an extremely exciting site and I look forward to it now finally moving forward, and seeing the delivery of this major new regeneration project to the borough.”
Richard Margree, Chief Executive of Knight Dragon: “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.”