Development Securities has joined forces with Berkshire Investment Capital and Gallions Housing Association to transform a 10-acre derelict industrial site to the north of Abbey Wood Station, which will be transformed as the easter terminus of the Crossrail line.
The council planning committee is due to make its decision on the scheme, tagged as the Cross Quarter, in March.
Steven Glancy, Berkshire Investment Capital, said: “Cross Quarter will enable a major brownfield site to be brought back into active use and deliver much needed investment and long-term benefits to the local economy through creating new jobs, enhancing Abbey Wood’s local centre and retail offer and providing a mix of housing tenures to meet local needs.
“Cross Quarter will transform the perception of Abbey Wood and make it a more desirable place to live, work and shop ahead of the arrival of Crossrail in 2018.”