WORK is set to start towards the end of 1998 on a £70 million mixed- use regeneration project in Greenwich, south London, creating 1,000 construction jobs.
The consortium promoting the project, Greenwich Reach 2000, has now secured outline planning consent for the deal, which includes London's first cruise liner terminal, accommodating vessels up to 50,000 tonnes. Greenwich Reach 2000 is made up of London Merchant Securities, Greenwich Reach Developments and Clearwater Estates & Properties.
Fairview Homes, which is building houses on an adjacent site, is interested in constructing the residential side of the Greenwich Reach 2000 scheme but has so far made no formal approaches to the consortium.
Plans for the 4 ha site include a 12-screen cinema, a theatre and restaurants.
There are also additional proposals for a 130-bedroom hotel, 140 luxury flats, a boardwalk link to the Cutty Sark Gardens, plus a pedestrian bridge over Deptford Creek.