Partner sought for Peabody's Thamesmead waterfront scheme
Wednesday, 12 July 2017
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GVA has been appointed to source a strategic partner for Peabody’s iconic Thamesmead Waterfront site, in London’s new town, Thamesmead.
The leading real estate adviser has been advising Peabody on its multi-billion-pound regeneration programme which looks to bring the Thamesmead Waterfront scheme to market in Q3 2017.
In total, the comprehensive development of Thamesmead will deliver over 20,000 new homes and create thousands of new jobs in not only the largest regeneration project in London but one of the largest in the UK. Situated in north Thamesmead – an area that will benefit greatly from the proposed DLR extension from Gallions Reach in 2026 - , Thamesmead Waterfront forms part of the wider planned development and will deliver a new community of 11,500 homes, a revitalised new Town Centre as well as new leisure and commercial facilities.
Gerry Hughes, Chief Executive at GVA comments: “We are delighted to work with Peabody on this seminal development project. Thamesmead Waterfront is a very rare opportunity. The planned new infrastructure will enable housing, commercial and community development, including a new town centre on the scale of a New Town. Moreover, we will see the transformation of over 2km of previously undeveloped waterfront. We anticipate considerable interest from across the globe for what is a £5bn GDV opportunity.”
John Lewis, Executive Director for Thamesmead said: “These are really exciting times for London’s new town, Thamesmead. The opening of Crossrail in 2018 and the planned DLR extension from Gallions Reach to North Thamesmead in 2026 will enable the comprehensive regeneration of the Town. Unrivalled in both scale and space, the Thamesmead Waterfront scheme offers a unique opportunity for Peabody to work with a strategic partner to deliver a new community, benefitting both new and existing residents of Thamesmead for years to come.”
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For any further information, please contact Jerry Freeman, Senior Director, Development Consultancy at GVA on 020 7911 2608 or email firstname.lastname@example.org.