Quintain to speed-up Greenwich construction

Grant Prior 11 years ago
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Quintain will accelerate its residential construction programme at Greenwich Peninsula this year as the developer expects the urban regeneration market in London to grow.

The firm currently has 22 million sq ft of consented development in the pipeline including its major schemes at Greenwich and Wembley City.

Quintain is looking to speed-up residential development in Greenwich where 600 flats are nearing completion and a site has been located for the new Thames cable car scheme which will connect the Peninsula to the Royal Victoria Docks and ExCeL by 2012.

Quintain will build two new blocks at Peninsula Quays while development partner Lend Lease will oversee two more towers on the eastern side of the site. Work on site is expected to start early next year.

The firm recently received planning permission to extend its Wembley scheme with a 1.7 million sq ft mixed-use development including 1,300 new homes.

Quintain is expecting property prices in London to continue rising despite anticipated drops elsewhere.

Chief executive  said: Adrian Wyatt said: “Our urban regeneration programme is strategically placed to benefit from London’s strength as a global financial centre and the benefits this brings to its wider economy.

“In particular, we expect this to lead to a sustained rise in residential values.”

Chairman William Rucker added: “Our concentration on urban regeneration in London (where we have a total of 22m sq ft of consented development) and specialist fund management has created a strong platform for future value generation.”

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