On Thursday 18th April, a £225m regeneration scheme from Hadley Mace will launch to interested buyers. Supported by the Mayor of London and working in partnership with the Royal Borough of Greenwich, L&Q and NHS Greenwich, the former Greenwich District Hospital site will be transformed into one of the most desirable postcodes in London.
Greenwich Square, located in East Greenwich will provide 645 modern new homes, over half of them affordable, and deliver much needed communal facilities for existing and new residents. The Mayor, who took over ownership of the site in 2012, has committed to releasing more public land, like this, for development in order to increase the number of affordable homes being built for hard-working Londoners.
Greenwich is one of fourteen inner London Boroughs going to great lengths to develop the area and provide a better community for all. Following a greater investment than any other London borough, previous improvements to the local area already include a major new transportation infrastructure, the development of new parks, open spaces, river walks, cycle ways and leisure centres.
Richard Blakeway, Deputy Mayor for Housing and Land said: "The Mayor wants to see more public land being brought forward for development, helping to increase the number of homes being built for hard-working Londoners and securing London’s future economic growth. Developments like Greenwich Square, show just how successful this can be bringing new homes, over half of them affordable, and hundreds of jobs into the area."
The layout of Greenwich Square has been designed to create a 'community hub', with a new public square surrounded by cafes and restaurants as well as providing access to the new Greenwich Centre with its gymnasium, swimming pools, library and medical practice. The new homes will range from apartments and maisonettes with balconies, to family-focused terraced houses with landscaped gardens; all of which will be unveiled over a five year period in several phases.
Greenwich Square is delivered by Hadley Mace, a joint venture between Hadley Property Group, renowned for building high end developments, including the stunning Tower View development at London's St Katherine Docks, and Mace, the company behind The Shard as well as an investor in regeneration and property.
Peter Bennison, Chief Executive Officer at Hadley Property Group commented, "Hadley Mace is delighted to be delivering Greenwich Square with our partners the GLA, Royal Borough of Greenwich, the PCT and L&Q. In addition to providing a range of high quality living options, Greenwich Square also gives residents a new beautifully landscaped public square surrounded by cafes, restaurants and shops as well as improved community facilities including a new gymnasium, aquatic centre, library and GP practice. Once complete, Greenwich Square will be a highly sought after residential address and destination for the local community."
David Grover Chief Operating Officer, Mace added, "This long-awaited investment into East Greenwich has finally been realised in a development that will demonstrate the benefits of public-private consortium and bring regeneration to a significant but under-utilised area of London. I am confident that this scheme will be seen as a blueprint for collaboration, recognising the positive impact it has in transforming undeveloped land into places where communities can grow."
The first phase of Greenwich Square will be available through Savills. For more information please call 0800 077 8177 or email email@example.com.