Lendlease, has been named as the preferred partner for the scheme that will rejuvenate the area around the town centre.
The Thamesmead Waterfront development will have the potential for 11,500 new homes as well as commercial and community spaces, providing opportunities for local people.
We will also be lobbying government for transport investment, particularly the proposed new DLR extension which would provide a direct connection from central and north Thamesmead into the Royal Docks and the City. This will improve access, mobility and encourage further investment.
Lendlease has great experience of delivering major development and regeneration projects across London. It has been named the UK’s Most Sustainable Residential Developer for the last three years running.
The partnership is set to be finalised in summer 2019 and we’ll then start to consider in more detail what the development could look like. We will engage fully with residents, businesses and the Royal Borough of Greenwich throughout this process to shape these plans.
Because of the amount of planning and design work required for a project of this size, it will be a number of years before construction starts on the site.
In the meantime Peabody will continue to invest in the area and keep residents regularly updated on progress.