The Mayor of London, Boris Johnson, has announced that he has agreed a deal that will kick-start housing development on the Greenwich Peninsula, creating over 4,000 jobs in the construction of 1,350 new homes by the end of 2015.

As part of the deal brokered by the Mayor with the Secretary of State, Eric Pickles, the Homes and Communities Agency (HCA) is working with its development partner, Greenwich Peninsula Regeneration Ltd (GPRL), to facilitate the start of the next phase of house building on the 190 acre plot.

Around 10,000 new homes, 600 student beds, and 3.5 million sq ft of commercial floorspace are ultimately planned for the site, transforming what was an old gas works into a major new residential, business and leisure district.

-- Advertisement --

The Mayor's aim is to accelerate his ongoing programme of releasing more land to drive investment in London's economy and to deliver more desperately needed housing, particularly affordable housing, for Londoners.

With this in mind he has also announced progress on a number of other key sites in London, including at two former hospital sites in Cane Hill, Croydon, and the Queen Elizabeth site in Tower Hamlets, where more than 800 homes will be built, subject to planning.

Mr Johnson, said: "Ambitious schemes like this will not only create the thousands of jobs that are vital to grow our economy, but will ensure London cements its position as one of the world’s best cities to live, work and invest in.

"The transformation of Greenwich Peninsula is undoubtedly one of the most exciting development opportunities in London. This latest phase of regeneration will seal its future as a thriving, well-connected new district, combining vibrant new residential areas and fantastic leisure facilities."

(CD/GK)