Peabody has been granted a permission to build more than 1,500 new homes on four sites in Thamesmead, London SE2.
The first phase of these new developments will be Southmere Village, which will include:
- 525 new homes, around 230 of which will be affordable
- A new library
- Nearly 40,000 square feet of commercial space for cafes, retail businesses and local enterprises
- Centered around a new public square on the banks of Southmere Lake and acting as a vibrant new space for a range of outdoor activities.
The development will be built in four phases, with Southmere Village due to start in 2017 and the final phase is expected to be completed in 2024.
The future phases will deliver around 1,000 new homes, new commercial and community spaces and a transformation of the public realm at Binsey Walk, Coralline Walk and Sedgemere Road. These spaces will be linked by a new pedestrian and cycling route between Abbey Wood station and Southmere Lake.
The new Crossrail station at Abbey Wood will open for Southeastern passengers in December 2017. The residents will then reach Canary Wharf in 11 minutes and Bond Street in 25 minutes.
Peabody’s Executive Director for Thamesmead, John Lewis said:
“This is a huge milestone in the regeneration of Thamesmead. As well as creating much needed, quality new homes, the development will create thousands of new jobs and will attract new businesses too.
“This is just the start of our commitment to Thamesmead and its residents at what is a really exciting time, with the Elizabeth line opening at Abbey Wood station in December 2018 and the DLR extending to Thamesmead in the next ten years.
“Thamesmead will be better connected, opening up new opportunities to residents and to businesses looking to invest. We hope this will be the catalyst for Thamesmead fulfilling its promise as London’s new town.”
Cllr Teresa O’Neill OBE, Leader of the London Borough of Bexley said:
“After many years of joint working, I am delighted that Thamesmead has reached such an important milestone in its history. We know that London faces significant housing pressures and are committed to being part of a future that makes quality places where people choose to live and work.”
Click here to see all Peabody’s developments on Buildington.