Lendlease signs off £8bn Thamesmead homes deal

Aaron Morby 4 years ago
Share

Peabody housing association has inked its joint venture partnership with Lendlease to deliver the £8bn Thamesmead Waterfront regeneration scheme in south east London.

DLR crossing from east London is vital to fulfilling potential for vast riverside site
DLR crossing from east London is vital to fulfilling potential for vast riverside site

They will work together on the planning and delivery of 11,500 homes.

The joint venture partners also took the opportunity to call for a funding decision of a new cross-river extension of the Docklands Light Railway to Thamesmead.

This is critical to unlocking the full 250-acre scheme, which is the single largest development in Peabody’s 150-year history.

Transport for London has still to confirm whether it will fund the extension. As a result, work is not expected to begin before 2025 on housing.

The vast site includes 2.5km of river frontage, as well as an abundance of green space and two lakes

Peabody chief executive Brendan Sarsfield said: “A new DLR crossing from east London would allow this long-term partnership to create a new waterfront district with thousands of new affordable homes and a new leisure, cultural and commercial offer for the town, for London, and for the wider Thames Estuary.

“This would unlock huge benefits for existing and new communities, boosting the economy and providing huge opportunities for London and the UK.”

Neil Martin, CEO at Lendlease Europe, said:  “The breadth of opportunity and economic potential that this scheme offers Thamesmead and London, is enormous.

“Thousands of new homes and jobs can be created, but key to its successful delivery is improving connections for existing and current residents and businesses. Doing so would open up this area of London to new audiences and improve the opportunities for those already living there.

“Improving transport links is a vital part of the long-term regeneration of the area, as it will bring those new homes within reach of the heart of London and help us deliver one of the most exciting new places to live in the capital.”

Latest news

Morgan Sindall delivers another record year of profit

Revenue tops £4bn as pre-tax profit soars 70% to £144m
57 mins ago

HS2 viaduct blunder over wonky concrete segments

Align JV now drilling out concrete joint as part of week-long remedial work
17 hours ago

City of London hots up as 9m sq ft under construction

Investors return to City as "10 Cheesgraters" of floorspace under construction
11 hours ago

Four arrested in £140m property fraud probe

Serious Fraud Office investigating collapse of property developer Signature Group
19 hours ago

McLaren gets green light for 31-storey student tower

Revamp of historic Birmingham site will provide 759 student beds and 189 apartments
55 mins ago

BT Tower to become hotel

New owner MCR Hotels to transform iconic building
1 hour ago

Plans in for first phase of £1.7bn ID Manchester

Plan to reinvent 1960s Renold Building as a new innovation hub
2 hours ago

London £3bn housing framework out to tender

SMEs allocated slots on London Construction Programme housing framework refresh
1 day ago

BAM wins first major RAAC school rebuild

Contractor seals £46m deal for St Leonards school in Durham
1 day ago

Failed strip out specialist owes £1.5m to supply chain

More than 100 subcontractors and suppliers left with unpaid bills by Type Ten Limited
1 day ago

Councils to turn screw on building owners over fire safety upgrades

Government tells councils to step up legal action against rogue building owners
1 day ago

Green light for £300m Fenland energy from waste scheme

Wisbech incinerator will generate 50MW from half a million tonnes of waste
2 days ago

Multiplex starts on 50-storey Thames tower

Developer green lights construction of latest phase of £3bn Bankside Yards scheme
2 days ago

McLaren lodges fresh Reading Broad Street Mall plan

Town centre scheme will deliver 600 homes in four towers
2 days ago

Beard bags £24.5m Bristol office revamp

Construction to start in April
1 day ago

SMEs star in £3.2bn social housing upkeep deal

Around 85% of Efficiency North's framework winners are local firms
2 days ago

Scottish NHS new building projects delayed for two years

Spending clampdown hits over a dozen planned projects
2 days ago

Balfour M25 workers hold strike ballot

Motorway maintenance crews unhappy with 3.4% pay rise offer
2 days ago

Rainsford Contracts acquires M&E specialist

Expanded contractor will have turnover of £45m
2 days ago

Statom expands with launch of Northern HQ

RC frames specialist now targeting jobs in Scotland and north of England
3 days ago

High Court dismisses Stonehenge tunnel challenge

Judge quashes legal challenge against Government consent for £1.7bn job
3 days ago

£1.5bn Teesside carbon capture scheme consented

Final investment decision expected this year for construction start
3 days ago

First viaduct steel section installed at HS2’s complex junction job

Victor Buyck Steel Construction install first 300t viaduct section
3 days ago

Sister scaffold firms file administration notices

BCM Scaffolding Services and Scaffteq West employ 100 people between them
3 days ago

McLaughlin & Harvey suffers £8.6m loss

Cost inflation and Scottish landfill tax legislation hit Antrim-based group
3 days ago

Regulator opens probe into National Highways delivery

ORR concerned about 'dip in performance' on capital projects
3 days ago

Sir Robert McAlpine chief Paul Hamer exits

Hamer replaced as CEO by former Lendlease Europe boss Neil Martin
6 days ago

Unite Students to build £250m Newcastle scheme

Work to start this summer on revamp of Castle Leazes site
3 days ago

Britcon poaches Tilbury Douglas business development chief

Don Stewart joins Britcon board as strategic director
3 days ago

Building control system on verge of collapse

Calls to delay new registration scheme
6 days ago

Contractor services