Mayor of London also highlights opportunities on regeneration schemes in Southwark and Newham.
More than 4,000 construction jobs will be created through a major housing development in the Greenwich Peninsula, Boris Johnson said today.
The announcement by the Mayor of London came with news that an OJEU notice is about to go out for a 450-home development in Southwark, while a developer will also be sought for a regeneration scheme in Newham.
It also comes as accountancy firm PwC reported figures showing 5,215 construction insolvencies in the last two years, with 927 of these in London.
The Mayor of London said he has “brokered a deal” with communities secretary Eric Pickles, the Homes and Communities Agency (HCA) and developers Greenwich Peninsula Regeneration Ltd, which will see the start of the next phase of house building on the 190-acre plot. Lend Lease has already been appointed on the scheme.
The Mayor said it comes as part of his pledge to see the Greater London Authority and the HCA accelerating the release of publicly owned land to create new affordable homes.
It will mean 1,350 new homes at the 190-acre plot by the end of 2015. Around 10,000 new homes, 600 student beds, and 3.5 million sq ft of commercial floorspace are planned for the overall site.
Mr Johnson said: “Ambitious schemes like this will not only create the thousands of jobs that are vital to grow our economy, but will ensure London cements its position as one of the world’s best cities to live, work and invest in.
Mr Pickles said: “Today the Mayor and I can announce we’ve unlocked this once stalled site in Greenwich that will now get workers back on site, construction back on track and help get our Capital City building in 2012 the new homes Londoners needs. London and the taxpayer are getting real value for money and a return on their land and investment.”
Mark Dickinson, managing director of Lend Lease Development, said Lend Lease “is excited to be delivering this vital regeneration project”.
Work is also imminent on London’s first cruise liner terminal on th west side of the Peninsula and the Emirates Airline cable car link, connecting Greenwich Peninsula with the Royal Docks, is due to open this summer.
The Mayor revealed plans last week for a new road tunnel between Greenwich Peninsula and Silvertown in the Royal Docks. He also confirmed £177m for riot-hit boroughs last week.
Other schemes include:
- Silvertown Way, Newham – The HCA and London Development Agency (LDA) intends to release a development opportunity to the its Delivery Partner Panel for the regeneration of a 2.1 ha site in Canning Town.
- Newington Butts, Southwark – The HCA and GLA are jointly about to launch an OJEU competition to select a developer for the Newington site at Elephant & Castle. The scheme includes 470 homes, of which 355 are located within a striking 43-storey tower.
- Cane Hill hospital site, Croydon – Barratt Homes has been chosen as the preferred development partner for the regeneration of Cane Hill, an 83 ha site in Coulsdon. Subject to planning, aspirations for Cane Hill include retail and business units, potential leisure uses and 650 eco-friendly, mixed-tenure homes.
- Queen Elizabeth hospital site, Tower Hamlets – Family Mosaic Home Ownership Ltd is the preferred partner for this 0.63 ha site which has the potential to deliver 180 homes, 53 of which will be affordable, subject to planning.