Joint Development at Greenwich Peninsula Announced by Crest Nicholson

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.”

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