Twelve new tower blocks are set to be built on the banks of River Thames in London following a major land transaction.
Developer Galliard Homes and Singaporean joint venture (JV) partner City Developments Limited (CDL) have acquired the nearly 14-acre Morden Wharf site in Greenwich from regeneration specialist LandsecU+I and the Morden College charity.
Property companies CBRE and Gerald Eve assisted the transaction, following planning permission in September last year.
The huge mixed-use scheme will include 1,500 new residential units in 12 buildings ranging to 36 storeys.
186,000 sq ft of commercial space will be built, as well as 50,000 sq ft of new retail outlets, restaurants, and community areas.
A 275-metre riverside frontage with enhanced Thames Path is also planned, as well as a 3.9-acre park, and a pier for Uber Boat access by Thames Clippers service.
“We’re proud of the transformational masterplan at Morden Wharf in collaboration with Morden College to create a whole new Greenwich quarter with homes, jobs and a Thameside park,” said Mike Hood, CEO of LandsecU+I.
“Following the receipt of planning consent last year, our focus has been to raise vital funds for the charity’s work across the borough.
“We intended to find a specialist partner to begin to deliver the consented scheme, and through Galliard Homes, we have done that.”
Stephen Conway, executive chairman at Galliard Homes, added: “Galliard Homes is delighted to announce our partnership with CDL, to provide much-needed homes within Greenwich. We thank LandsecU+I and Morden College for their active support and collaboration. We look forward to turning their exciting plans into a new landmark scheme for London.”
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