Out-Law News 1 min. read
10 Sep 2015, 3:03 pm
The revised plan from developer Knight Dragon provides for up to 12,678 homes and 220 serviced apartments to be delivered on those parts of the site that have not already received full permission or begun to be built. This brings the total number of homes to be built at the wider Greenwich Peninsula site to 15,720; an increase of more than 50% over the 10,010 homes permitted under the original masterplan.
Development is proposed to take place across six new neighbourhoods, five of which will be primarily residential and the sixth a leisure-led district centre. As well as homes, the scheme includes nearly 60,000 square metres of business space, 40,000 sq m of film and media studios, 23,500 sq m of retail and food space and a 500-room hotel.
Also included in the plans are two schools, a health centre, a visitor attraction, public open space, highway and transport works, a new ferry jetty terminal and a 5 km running track across the site.
A minimum of 22.7% affordable housing must be provided across the site under a condition attached to the outline permission. The original masterplan, for which outline permission was granted in 2004, required affordable housing provision of 38% of residential units, but this was cut to 21% of units in 2013.
The scheme was discussed at a meeting of the planning board on Tuesday evening, having been recommended for approval in a report from the Borough's director of regeneration, enterprise and skills. The decision to grant permission for the masterplan is subject to approval from the mayor of London.
Planning expert Richard Ford of Pinsent Masons, the law firm behind Out-Law.com said: "The decision to grant the new masterplan is excellent news for the continued regeneration of the Greenwich Peninsula. London needs this scheme to progress. With the scheme for the Silvertown Tunnel also moving ahead to improve Peninsula connectivity, the investment in the area should accelerate."-