Peabody has been granted permission to build more than 1,500 new homes in South Thamesmead, on the doorstep of the new Elizabeth line at Abbey Wood.
London Borough of Bexley gave us their unanimous decision marking the first substantial development in Thamesmead since we acquired land there in 2014. It is one of the largest residential developments to be given the go-ahead in London this year.
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
This will be centred around a new public square on the banks of Southmere Lake and will act as a vibrant new space for a range of outdoor activities.
Meanwhile, the three outline planning applications for Binsey Walk, Coralline Walk and Sedgemere Road will deliver around 1,000 new homes and substantial public realm improvements. These spaces will be linked by a new pedestrian and cycling route between Abbey Wood train station and Southmere Lake.
The development will be built in four phases, with Southmere Village due to start in 2017, and the final phase anticipated to be completed in 2024.
Executive Director for Thamesmead, John Lewis said: “Receiving planning permission to create more than 1,500 new homes in South Thamesmead 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.”
Congratulations to everyone involved in helping us reach this huge milestone for Peabody.