The Mayor, Boris Johnson, today marked a major milestone in the delivery of thousands of new homes for Londoners on one of the capital’s largest regeneration projects, Greenwich Peninsula.
By the end of this year more than 1300 new homes, including 457 for low cost rent and 229 shared ownership for first time buyers, will be under construction on land owned by the Mayor at Greenwich Peninsula. The 80 hectare disused gasworks, taken on by the Greater London Authority in 2012, and previously a stalled scheme, has the potential to deliver more than 10,000 homes.
The Mayor helped work on a new shared ownership home, overlooking the River Thames, due to be completed next year by development partner Knight Dragon. The new neighbourhood is within minutes from The O2 Arena, with excellent transport connections including the Jubilee line and North Greenwich Pier as well as the Emirates Airline linking Greenwich Peninsula to London’s Royal Docks, another of the Mayor’s key Opportunity Areas.
The Mayor’s visit follows the launch of a consultation on proposals for a new road link under the Thames, the Silvertown Tunnel, connecting Greenwich Peninsula and London’s Royal Docks. Alongside Crossrail due to complete in 2018, with proposals for Crossrail 2 in the pipeline, the new Silvertown Tunnel is a major piece of new infrastructure for east London. It will reduce queuing at the Blackwall Tunnel, create the opportunity for new public transport links, and support the creation of new jobs and homes on both sides of the river.
The major new residential, business and leisure district at Greenwich Peninsula, adjacent to the award-winning Greenwich Millennium Village, will also include a new Intercontinental hotel as well as shops, work space, and a new school currently under construction.
The Mayor of London, Boris Johnson said:
“As London’s population continues to grow we are doing everything possible to unlock development and double house building. These new homes on Greenwich Peninsula are testament to the enormous construction now transforming the capital and creating the homes Londoners so desperately need. Large scale schemes like this would not be possible without world class supporting infrastructure, and the proposed Silvertown Tunnel will be essential not just for east London, but for the capital as a whole and its continued success as the motor of the UK economy.”
Councillor Denise Hyland, Leader of the Royal Borough of Greenwich said:
“We have worked very hard to secure the quota of affordable homes which are now being built at Greenwich Peninsula, one of the many reasons this area is so important for the borough. It now means people of all backgrounds and situations can access opportunities to live in such a fantastic location. It is great news to see the development of Greenwich Peninsula accelerating in this way. The regeneration of the area has been a vision the Royal Borough of Greenwich has championed and driven forward from the outset overseeing the transformation of what was a former gasworks on derelict contaminated land – now being put to use providing first class housing, facilities and attractions.”
The transformation of land owned by the Mayor at Greenwich Peninsula, and neighbouring Royal Docks, is part of his drive to fast-track surplus public land into development and double the number of homes being built for working Londoners. Almost 90 per cent of 670 hectares of public land taken on by the Mayor in 2012 is now in the development pipeline. The Mayor is also using institutional investment to deliver hundreds of new homes for private rent, and pioneering new programmes including twenty housing zones across the capital and a new Housing Bank. This year alone, more affordable homes are being built than in any other since 1980.