Next 30 years will create 11,500 new homes at Thamesmead
Peabody has announced it has chosen Lendlease in a corporate joint venture to regenerate the Thamesmead 100 hectare site to create a mixed use development in South London.
Over the coming 30 years, this project is planned to deliver 11,500 new homes at a cost of an estimated £8b.
Plans include construction along 2.5km of undeveloped river frontage, canals, lakes and a shopping centre nearby.
The new waterfront district will be based around a planned new Docklands Light Railway (DLR) station.
Mixed use scheme gets green light with Ealing Council
This week, a substantial development agreement has been signed between Ealing Council and Galliford Try Partnerships valued at around £275m.
Local community will benefit from affordable homes to buy and rent and a new library
The proposed mixed use development at Perceval House will promise to provide 470 new homes, including 50 per cent affordable homes; over half offered through the social rent and London living rent.
Included in the plans are a new library and customer services centre, along with mixed use development to include retail premises, commercial and residential buildings and designated parking places.
New civic centre free for council taxpayers
The community will benefit from the development project but local council taxpayers will not pay for a new civic centre building which is also planned as the revenue achieved through the sale of existing residential units and land will offset the cost of building a new council headquarters.
The local community and major stakeholders will now be involved in consultation over the proposed plans for Perceval House with Ealing Council and Galliford Try Partnerships and the intention is to submit a planning application later this year.
Stephen Teagle, Chief Executive of Galliford Try Partnerships, added: “We are delighted to help deliver a new civic centre and look forward to working with the council on this high-quality mixed-use scheme. It will make a significant contribution of affordable homes to the borough and will also provide a range of retail and commercial benefits.
Councillor Julian Bell, leader of Ealing Council, said: “Our offices are in a key town centre location, but at the moment we aren’t making the best use of this important site.
“These plans will deliver much-needed genuinely affordable homes in our town centre, supporting our pledge of 2,500 new homes. At no cost to the council, it will also provide us with a brand-new customer service centre and library, and a smaller, more modern and cheaper to maintain and run office block.”