Greenwich Peninsula - 4 new projects coming up (884 new homes)

Four huge new developments have been approved for the Greenwich peninsula as its regeneration picks up pace.  This regeneration project had stalled for many years.

The 4 projects recently approved will see a total of 884 new homes on the peninsula in high-rise buildings. According to Planning documents, the site is approximately 700M to the North Greenwich Tube Station, which is on the Jubilee Line.  This is a very convenient station, as the next stop north is Canary Wharf.

The Emirates Cable Car and North Greenwich Pier are located approximately 300M and 500M from the site, respectively.

Knight Dragon - Hong Kong
The entire redevelopment project has been bought out by Hong Kong's Knight Dragon.  The HK Billionaire controlling this company is Mr Henry Cheng Kar Shun.  Originally, Knight Dragon entered into the Greenwich project as a Joint Venture with Quintain, a London-focused property developer.  Late last year, however, Knight Dragon bought out Quintain's stake.   Very aggressive!

Coal Jetty
Around Coal Jetty, the largest development by Knight Dragon will build 519 new homes on two plots - including a 31-storey block - alongside a refurbished jetty with a pavilion building, infrastructure for ships and a visitor centre.

East of Barge Walk a massive riverside 224-home project will see one 24 storey glass-topped tower.

Just southwest of Barge Walk, there will be a further 139 homes, 79 of which will be affordable, built across three buildings rising to 10 storeys high, along with 90m sq of commercial space.

And near that site will be a six-storey community building, including a ground floor cafe, prayer space, creche, plus a gym on the third and fourth floors.

As far as I am aware, these projects have not yet been launched.  Therefore, I do not know the pricing.

Greenwich Council Has Approved the Plans
Greenwich Council said the plans were designed to release surplus public land to boost construction jobs, drive investment and deliver the additional housing desperately needed for London.

Leader Councillor Chris Roberts said: "Greenwich peninsula is an extremely important regeneration site, with the capacity to make a vital contribution to the new homes that London so desperately needs.

"The development of these new homes comes as the peninsula continues to grow into one of London's brightest new business districts."

Greenwich is uniquely positioned - close to Canary Wharf and also accessible to the new Asian Business Park.  These 4 projects are only the beginning.  Under the entire Greenwich regeneration masterplan, we are looking at up to 10,000 new homes!

Here are some photos of the O2 Arena and North Greenwich Tube station from a trip last year.

A very exciting time for the Greenwich Peninsula indeed.

Happy Investing!

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