Plans for a set of tower blocks up to 36 storeys tall in South London have moved forward as the site has been sold after being up for sale for over a year.
Galliard Homes announced on November 13 that the developer and its partner, City Developments Limited, had purchased the Morden Wharf development in Greenwich Peninsula.
The project looks to deliver a series of 12 tower blocks including 1,500 new homes to the area, 35 per cent of which will be “affordable”.
The development on the bank of the River Thames will also provide 186,000 square feet of office space and 3.9 acres of park space, as well as making the existing jetty on the site public.
Developers LandsecU+I and freeholder Morden College put the site up for sale in October 2022. The plans for the project were originally approved at a council meeting in September 2021 and received a mixed reaction from locals.
Tim Barnes of the Greenwich Society said at the meeting that he was concerned the towers would jeopardise the world heritage status of the area. Labour MP for Greenwich and Woolwich Matthew Pennycook also said in a letter to Greenwich Council that he felt the towers were “inappropriate”.
Galliard Homes said in a statement that the project will provide 50,000 square feet of space for shops and restaurants. It will also reportedly upgrade the existing Thames Path in the area.
The sale marks the first partnership between Galliard Homes and City Developments Limited (CDL), the latter of which is a Singapore-based global real estate company.
Stephen Conway, Executive Chairman at Galliard Homes, said in a statement: “Galliard Homes is delighted to announce our partnership with CDL, to provide much-needed homes within Greenwich. CDL’s worldwide reputation as an industry leader, marked by their commitment to delivering first-class development across numerous asset classes, aligns with our values. We hope this will be the first of many more future projects together.”
Mike Hood, CEO of LandsecU+I, said the developer was proud of its master plan for Morden Wharf that it had created alongside Morden College.
He said the company will continue to invest in mixed use urban regeneration projects over the next five years.
Meryl Davies, CEO of Morden College, added that the sale would help the charity to support elderly people in the area by providing a home for residents to live independently.