In March 2012, along with our partners Development Securities PLC, we acquired Morden Wharf, a 19 acre regeneration site on Greenwich Peninsula. The major riverside regeneration site, formerly a sweeteners refinery, is adjacent to the O2 Arena with 500 metres of Thames river frontage and will play a crucial part in the delivery of the Royal Borough of Greenwich's masterplan proposals for the western side of the Greenwich Peninsula, published in April 2012.
On a site just off Silvertown Way, at the gateway to London's Royal Docks, sits a 2-acre site previously occupied by two thriving businesses - Goswell Bakeries and Moss Electrical. Between them these businesses employed over 100 people as part of a once thriving community. Now these buildings are occupied by a completely different group of people who are there to kickstart a revolution.
We will be delivering an 'Innovation Quarter' in the heart Brighton, one of the UK's foremost creative cities, through a Public Private Partnership with Brighton and Hove City Council and the University of Brighton. We are proposing a new world-class mixed-use destination for creative and technical innovation, just a stone's throw from the Royal Pavilion and Brighton Pier.
With our joint venture partners, Development Securities plc, we acquired the 17-acre London Gate business park in Hayes, Middlesex in April 2011. We've been working up a masterplan for a radical £250m redevelopment of the site that pays homage to its important history with an amazing creative team including Duggan Morris Associates, Allford Hall Monaghan Morris and Studio Egret West. In November 2012 the London Borough of Hillingdon resolved to grant planning consent for the comprehensive transformation and we'll be concluding formalities over the next few months. We'll then be starting our mission to bring 4,000 jobs and a whole new life to an area of Hayes that badly needs it.
In April 2011 we were granted planning consent for The Movement, a vibrant, highly sustainable and truly mixed-use scheme located on the former Greenwich Industrial Estate, currently derelict, which is adjacent to Greenwich DLR and Mainline Station. With our partners Development Securities Plc we will deliver a new threshold for the Royal borough at the main point of entry for visitors to the World Heritage Centre.
We are partners with the London Borough of Bromley in a £90m mixed-use PPP scheme to transform part of Bromley Town Centre. Our Bromley South Central scheme is designed to kick start the regeneration of the South end of Bromley High Street. At the heart of a new residential and leisure quarter will sit a landscaped public square surrounded by a nine screen multiplex cinema, 25,000 sq ft of cafés and restaurants, a 130-bedroom business hotel, 200 private and affordable apartments and a new 400 space secure underground car park. On Tuesday 6th March, the London Borough of Bromley passed a resolution to grant planning consent for the scheme.
With our joint venture partners United House, we have built a landmark £80m mixed-use regeneration scheme which has transformed leisure services across two sites in Clapham town centre, south west London. The Public Private Partnership scheme, provides Clapham with a new, highly sustainable leisure centre, a new, state-of-the-art library, a new family medical centre and some of the most high quality residential accommodation in the borough including affordable housing in partnership with Notting Hill Housing Group. The PPP deal meant that in the teeth of the recession, we were able to secure £35m funding for this hugely important project (including loan funding from the Homes and Communities Agency’s kickstart programme), pre-sell £46m of the development and guarantee the London Borough of Lambeth a brand new library and leisure centre funded entirely from the sale of the private sector element of the development.
Earlier this year, as part of the Spirit of Sittingbourne consortium, we were selected by Swale Borough Council as their development partner to regenerate Sittingbourne town centre over the next five years. We’re going to build a new station square to transform arrival in the town. A new cultural quarter, civic quarter with a new library, brand new public realm throughout the town centre and residential schemes will generate £250m of economic improvement over the next ten years and will create 1100 jobs.
In summer 2008 we installed a 1960s commuter train carriage into a site next to Deptford High Street train station in south east London. We put it there to kickstart a £42m mixed-use PPP regeneration scheme in with the London Borough of Lewisham in partnership with United House. Following Network Rail's redevelopment of the station, we will begin a programme to transform that part of Deptford town centre with a new residential building by Richard Rogers, restoration of an historic Victorian carriage ramp and a new public square. On the 8th March 2012 the London Borough of Lewisham resolved to grant planning consent for our scheme.