Regeneration Site Within Greenwich
Large-scale regeneration projects require the co-ordination and management of numerous elements in order to be successful. This is true of one of the largest re-development projects in Greenwich town centre which took over 10 years to be unlocked in terms of planning, land ownership and market conditions.
Originally identified in 2004, the site which extends to over 2 acres and takes in land and properties within 8 separate ownerships along Creek Road in Greenwich, was subject to a planning application for 144 units which ultimately proved unviable due to changing market conditions and the inability to reach commercial agreements with the various stakeholders.
In 2012, Kingsbury were appointed by clients V Fund Ltd to project manage the assembly of the site, where suitable agreements were negotiated with both Private and Public sector landowners, and a new planning consent for 83 residential units plus 20,000sq.ft. of retail space was granted in 2013.
A development agreement was then negotiated with a Registered Provider, Family Mosaic, who will develop the scheme for a mix of open market and Affordable Housing, whilst developing the retail space back to the client.
A Phase II of this scheme is now well under way, which is likely to provide a further 50 residential units and further retail and employment space.
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- Sold for £8,750,000
- Greenwich SE10
- Located opposite Cutty Sark DLR station
- Exciting retail and restaurant and community
- 83 apartments and houses
- 20,000sq.ft. of restaurant and retail space
Kingsbury took control of this project at a challenging point in the market, and used their tenacity to bring together the various stakeholders in the scheme in a commercially viable deal which will regenerate an important site within Royal Greenwich