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Developers compete for historic London regeneration project

Property Markets / Planning, Zoning, Infrastructure

United Kingdom / London

Mar 16 2018

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Lendlease and the UK’s Morgan Sindall Group will compete to partner with British Housing Association Peabody to support the Waterfront phase of the Thamesmead precinct. 

The project for the 11,500 home mixed-use scheme on the Thames near Woolwich is worth $7.11 billion, and includes plans for one million square feet of town centre commercial and leisure space. 

The plan also includes the extension of the Docklands Light Railways across the river from Newham to Thamesmead. 

In 2014, Peabody become the major landowner of the site, which has room for up to 20,000 new homes. 

The scheme is the largest in Peabody’s 150 year history. 

A win for Lendlease will bring the developer’s global urbanisation portfolio to 17. 

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