Crest Nicholson Plc,
in partnership with Meridian Delta Limited (the £5bn joint venture between
Lend Lease and Quintain), has entered into an exclusivity agreement to develop
a 1.1 acre site on the north-eastern shoulder of the Greenwich peninsula.
Crest Nicholson Plc, in partnership with Meridian Delta Limited (the £5bn
joint venture between Lend Lease and Quintain), has entered into an exclusivity
agreement to develop a 1.1 acre site on the north-eastern shoulder of the Greenwich
peninsula.
Located adjacent to the QE II Quay, to the south of The O2, the project will
provide 295 one, two and three bedroom apartments and approximately 120 parking
spaces, together with approximately 5,000 sq ft of retail floor space. A planning
application is targeted for submission in July 2007 with work anticipated to
start in Spring 2008.
Working with FLACQ Architects, a new architecture and masterplanning practice
born out of the skills and experience of Richard Rogers Partnership, the properties
will have an EcoHomes Rating of Excellent, equivalent to better than the new
Code for Sustainable Homes Code Level 3. Utilising Modern Methods of Construction,
the development will incorporate a range of sustainable features including CHP
fuelled by biomass.
Debbie Aplin, Managing Director, Crest Nicholson Regeneration Ltd, comments:
“Working in conjunction with our partner MDL, we look forward to creating
a highly sustainable new community for Greenwich. This site sits very well with
our current portfolio of regeneration projects which continue to champion high
quality design and sustainable development.”
Mike Youkee, Quintain’s Joint Project Director for the Greenwich Peninsula,
comments: “We are pleased to be working with Crest Nicholson on this project
and this adds to the positive momentum which has built up in recent months on
the Greenwich Peninsula.”
Duncan Innes, Regional Director for London and Thames Gateway at English Partnerships,
the national regeneration agency and landowners at Greenwich Peninsula, said:
“It is very rewarding to see Greenwich realising its potential, with multiple
projects springing up across the Peninsula that meet the highest design and
environmental standards. This exclusive venture between Crest Nicholson Plc
and MDL Limited is testimony to the quality of development and spirit of partnership
in the region.”