Greenwich Peninsula - Various projects

[RMB2007]

[gothicform]

Originally Posted by delores

I saw some of the buildings ages ago, Quintain are sitting on a goldmine with the potential of the land around the dome, but when will they ever start this development?

bizarrely they decided instead to concentrate on wembley, that's the same wembley that has seen them have falling property values. their most successful development has been city peninsula which sold at such levels they got an overage from the project manager, bellway homes!

they've managed to lose money for six years in a row now, everywhere from birmingham to roman road in london. i believe greenwich is a goldmine too, they picked the wrong one when they went for wembley.

city peninsula btw

[delores]

Originally Posted by gothicform

bizarrely they decided instead to concentrate on wembley, that's the same wembley that has seen them have falling property values. their most successful development has been city peninsula which sold at such levels they got an overage from the project manager, bellway homes!

they've managed to lose money for six years in a row now, everywhere from birmingham to roman road in london. i believe greenwich is a goldmine too, they picked the wrong one when they went for wembley.

city peninsula btw

Seem crazy, it's obvious Greenwich is the best site, better connected and a huge amount of potential buyers. Obviously it's a money issue otherwise it just seems they are not understanding the market correctly. I remember a nice scheme next to City Peninsular by CF moller http://www.cfmoller.com/p/Plot-M0116...ula-i2286.html

[london lad]

City Peninsula was built and sold by Bellway homes not Quintain.

Says a lot abut the development when the only bit of housing built in ten odd years is from a volume housebulder who bought a parcel of land of Quinatain/LL and flogged most of them to buyers in the Far East.

So even with a huge shot in the arm from the present Mayor in the form of a brand new spanking cable car and a massive pre-let got Tfl from the previous Mayor to get the office element built what have the private developers done in the last ten years- F**k all.

[gothicform]

City Peninsula was built and sold by Bellway homes not Quintain.

developed by bellway under contract to lendlease and quintain, which is why they made an overage fee. bellway had to pay them X amount for each apartment sold over a certain price PLUS of course the site value to start with.

you're totally right though, it actually beggars belief so little has been built in greenwich and that they have planned so little since 2009. you'd have thought with city peninsula being so successful quintain and lendlease would be developing stuff themselves - their behaviour is inexplicable. they haven't even able been able to do anything about the olympics.

[delores]

At the rate they are going this won't be even finished in 50 years. The fact the site is more than ready for development i.e next to no demolition, infrastructure built and improving, Views are exceptional, river front living...the list goes on.

[tigerman]

Maybe there is hope that this may be kickstarted :

Quintain partners with Hong Kong firm
http://www.cityam.com/latest-news/qu...hong-kong-firm

Tuesday 19th June 2012, 1:09am
KASMIRA JEFFORD

QUINTAIN ESTATES revealed yesterday it has struck up a joint venture with Hong Kong billionaire Henry Cheng Kar-Shun, in a deal that will help kick-start one of the UK’s biggest housing projects.

The regeneration specialist said Cheng’s investment vehicle Knight Dragon has taken a 60 per cent stake in its Greenwich peninsular project, sending shares soaring 15 per cent yesterday.

Knight Dragon will buy Australia’s Lend Lease out of its 50 per cent stake while also buying 10 per cent of Quintain’s joint share in the 96 acre riverside scheme.

In exchange, Quintain will receive a £300m credit facility, helping the firm to bring forward the ambitious project to build 10,000 homes as well as shops, schools and hotels.

The deal will also return over £150m to Quintain’s balance sheet over the next six years.

[RMB2007]

That's great news.

[pagey17]

Why don't we have any British billionaires stop foreign people buying our great assets stop it now. Where are the Uk entrepreneurs this is frightening.

[thedurringtondoctor]

Originally Posted by pagey17

Why don't we have any British billionaires stop foreign people buying our great assets stop it now. Where are the Uk entrepreneurs this is frightening.

Most people with any sense and any money have got so sick of the bastards in power in the UK that they have all fucked off and left them to it. I will be doing the same as soon as my kids have finished next to useless school.

End of rant.

[SE9]

Excellent news

[greenwichrising]

Originally Posted by SE9

Excellent news

I look forward to the accelerated development on the peninsula as a result of this new imvestment.

[greenwichrising]

We have just reported on our site that the Heart of east Greenwich development, the former Greenwich district hospital site, will have a community information session on 15 July sunday.

The Forum is again the place where they will host the meeting.

More info here.
http://greenwichrising.com/3244/hear...ion-15th-july/

Here's a reminder of how it will look.

[greenwichrising]

New image rendering of the Greenwich Movement project will be shared soon. Just writing a post about it

[LDN_EUROPE]

Any updates?

[tigerman]

The only thing I saw recently was Quintain appointed 2 new directors to oversee Wembley and Greenwich - that was in August.

According to the post above Peninsula Quays is supposed to start before the end of the year but dont get your hopes up - I cant remember how many years we have been waiting for something to happen here.

[jack_jones]

Its mind boggling that this area has seen little development in recent years. This area should be full of building sites. You have the worlds busiest arena (The o2) and canary wharf on your doorstep. Hopefully things will pick up soon!

[mogwai83]

I've been hunting for news about the 240m Cruise ship terminal at Greenwich but can't find anything new beyond it being approved last year... any idea if it is still going ahead?

[neuphin]

Re: the cruise ship terminal, there's this from the Cable Car thread:

Originally Posted by woodgnome

Scant information available about this project. According to this article work should be commencing next month but I wouldn't hold your breath. There's been virtual radio silence since this date was mentioned. Certainly, there's nothing to indicate any recent activity on the developers site.

So an article in April suggests a Novemeber start, nothign else to confirm though.

[tigerman]

Something may be happening afterall - this is from August :-

http://www.constructionenquirer.com/...t-months-away/