Wates Construction has been appointed to deliver the £76m apartment scheme at Greenwich Peninsula on behalf of Knight Dragon.
The building, designed by architects Pilbrow & Partners, will comprise a 32-storey tower with a seven-storey podium at its base containing 269 private and affordable social apartments. It is due for completion in spring 2017.
Located on plot 104, the new apartments form part of phase two of a major programme of works to deliver 10,000 new residential units on the Greenwich Peninsula – one of the largest regeneration schemes in Europe.
The appointment sees Wates build on its role in the ambitious development, which currently includes plots 114 and 115 - 201 and 144 apartments respectively. Wates also reached completion of the Greenwich Peninsula marketing hub in September 2014.
Mark Tant, Managing Director, Wates Construction, London Residential, commented: “We’re pleased to announce our appointment to this latest stage of construction work on the Greenwich Peninsula and our continued partnership with developer, Knight Dragon. This contract marks another milestone reached in this ambitious regeneration scheme and demonstrates our ability to deliver large-scale high-rise residential projects that add to the changing landscape of the capital.”
Richard Margree, Chief Executive of Knight Dragon, added: “This is a vital site for London to provide homes for people who want to live and work in the capital. Knight Dragon has invested £500m so far and is committed to delivering a vibrant and viable development. We already have 1,300 homes under construction, with 500 to be completed in the next few months.”