Posted on 21 May 2018
We are pleased to announce that we have completed our purchase of ten acres of industrial land which forms part of the Charlton Riverside opportunity area. We have plans to create a high quality new community including new homes, workspace, waterside retail and leisure space together with new and improved public realm.
Currently dominated by industrial uses, the area has been identified by the Royal Borough of Greenwich as having significant potential to meet the area’s housing and employment needs.
The purchase represents a major opportunity for us to create a new vibrant neighbourhood adjacent to the Thames Barrier, hailing the next exciting chapter for this area of London and its community; complementing the council’s wider plans for the 250-acre regeneration area.
David Gannicott, Group Director of Business Development at Hyde said: “Charlton Riverside is a fantastic opportunity for us to create new homes and a new community which will help towards solving the housing shortage in London. There is huge potential here as set out in the Masterplan for the area and we will be working to deliver a high quality new development which will respect the history of the site and the area as well as incorporate all the things which will help a modern community thrive.”
This acquisition will build on our existing long term commitment to Greenwich, an area where we already own and manage approximately 3,300 affordable homes for rent and shared ownership. Our plans will make a significant contribution to meeting housing need in the borough, including the provision of new London affordable rent and shared ownership homes for local people.
We look forward to working closely with local residents, the Royal Borough of Greenwich and the Greater London Authority as we seek to address local housing need and create a new community that delivers on the vision set out in the masterplan.