Out-Law News 1 min. read

200-home Abbey Wood plans submitted


Development Securities has submitted a planning application to the London Borough of Greenwich for its £85 million mixed-use Cross Quarter redevelopment at Abbey Wood in south east London.

The plans (8-page / 278KB PDF), which will be delivered on a 10 acre former industrial site, include the construction of over 200 new homes, a Sainsbury's supermarket, a 100-bed hotel, a number of start-up business units, a nursery and a new public square.

The site is located 100 metres from Abbey Wood station, which is expected to open for Crossrail in 2018.

Development Securities will deliver the scheme in partnership with Berkshire Investment Capital and Gallions Housing Association. The partnership consulted on its masterplan with local residents last year after discussions with the Council and neighbouring Bexley Council.

The partnership said the scheme will generate over £135m for the local economy over the next 10 years and, once completed, will create around 450 new jobs, 350 of which would be at the new supermarket. It said it would provide a "wide range" of economic benefits to Abbey Wood, including improvements to pedestrian access and integration with Crossrail to strengthen linkage with existing businesses in the area.

"The support received from the local community has been really positive and we have taken away a clear message that people want to see this development happen as soon as possible," said Berkshire Investment Capital's Steven Glancy according to local reports.

The development partnership said it hopes for the Council to determine the application early this year and for demolition work to start on the site shortly after. It said it hopes to start construction later this year and for the supermarket, public square and first homes to be completed by mid 2015.

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