12 Jan 2015, 4:53 pm
Outline permission was granted in 2004 for the comprehensive redevelopment of the Greenwich Peninsula, excluding the Millennium Dome, Dome Waterfront and O2 Arena, into a business and residential district with up to 10,010 new homes and 325,000 square metres of commercial floorspace.
The peninsula was due to be redeveloped by Greenwich Peninsula Regeneration Limited (GPRL), a joint-venture set up by developers Quintain and Lend Lease in 2007. Hong Kong-based developer Knight Dragon bought a 60% share in GPRL in July 2012 and the remaining 40% of the company in November 2013, renaming it Knight Dragon Developments Limited.
According to the report, Knight Dragon now proposes to submit a revised masterplan for the peninsula to Greenwich Council, seeking permission for a 50% increase in housing numbers.
"Much has changed since the original planning permission was granted for the Greenwich Peninsula masterplan in 2004," said a spokesman for the project, according to the report. "The 2004 masterplan includes 10,000 homes and we are looking to increase this to reflect the shortage of housing in the capital, both affordable and private for sale, delivering a range of homes consistent with creating a balanced economy."
The report said the developer was expected to consult on a new draft masterplan later this month before submitting it to the Council.