Partner selected for 11,500 home development
Lendlease is Preferred Bidder for Thamesmead waterfront scheme
Lendlease will work with us over the next 30 years in a corporate joint venture to masterplan and deliver the 11,500 homes, subject to contracts being finalised.
This new waterfront district will be focussed around a proposed new DLR station in the heart of the development. The 250-acre site is currently undeveloped and underpopulated and benefits from 2.5km of undeveloped river frontage, with an abundance of green space and wooded areas, canals, and two major lakes.
The project, the largest in our history, will also rejuvenate the existing town centre, creating 1m sq ft of new cultural, community and commercial spaces for Thamesmead and for London. The details of the new JV vehicle will be finalised by summer 2019.
Aerial view of the waterfront at Thamesmead
Peabody Chief Executive Brendan Sarsfield said: "We are pleased to have selected Lendlease as a development partner for Thamesmead Waterfront.
"Our shared vision is to create thousands of new homes by the Thames and drive the local economy through new jobs and commercial spaces. With a new DLR river connection complementing the Elizabeth Line on the other side of town, Thamesmead would be more connected to the city than ever before. This would unlock enormous potential and could be a real game-changer for this part of London."
Our "whole-place” regeneration of Thamesmead could deliver 20,000 new homes for London. Read more about our plans here.
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