It has been announced that Hong Kong investment group buys out remaining 40% stake held by Quintain Estates. on 4 November 2013, Quintain announced the disposal of its entire 40% interest in GPRL to Dr Henry Cheng’s Knight Dragon.
We reported back in June 2012 that Dr. Henry Cheng Kar-shun, a Hong Kong billionaire will invest £500m into the greenwich peninsula project. It has now been reported that the Hong Kong investment group has now spent £666m on Greenwich development project. Quintain Estates outline planning improvements thus far for the peninsular detailing “the joint venture has secured detailed planning consent for 506 new homes in Peninsula Riverside and outline consent for 2.1 million sq ft (gross) of a new master plan at Peninsula Quays”. Further more they also discussed that the first three buildings on the peninsula riverside have started construction and that the completion of that building site is due for March 2015.
Willmott Dixon, the company in charge of building their portion of the Movement Greenwich have a running webcam of their projects. The project On Greenwich High Street adjacent to Greenwich DLR and Mainline Station, has been steadily rising out of the ground. [..]
Allford Hall Monaghan Morris (AHMM) have been awarded the £100 million scheme to design the 370-home project at Enderby’s Wharf. The project, helmed by Cathedral Group also responsible for The Movement (MVMNT) project, has been quiet for a while until now and was at one point pegged to be open before the Olympics as Mayer Boris Johnson had hoped.
The Enderby Wharf project will see a cruise liner port allowing cruise ships that can carry roughly 3,000 people to dock in Greenwich creating a further tourist destination in the maritime heartland of Greenwich. It also falls in line with the Royal Borough’s plan of ensuring that right along the river from The O2 down to the Cutty Sark there would be attractions, walks, uninterrupted cycle paths and things to see and do.
It would be hailed as the 1st London International Cruise Liner Terminal. There will also be a 251 room hotel in addition to 370 residential apartments and townhouses. We have previously reported that the new homes at this project include 770 luxury townhouses and apartments. So it seems that either the project is being scaled back or AHMM are designing a portion of the residential plots. [..]
It has been reported by event magazine that the hotel development by AEG will finally begin construction in spring this year (2013). Event magazine reports “AEG has invested in a joint venture with Arora Hotels and Queensgate Investments in addition to other undisclosed partners to build a hotel next to The O2.”
As reported in September 2011 the four star hotel will feature 450 rooms 100 homes as well as an event space which will include uses for banqueting for up to 3,000 people.
Lifschutz Davidson Sandilands is said to be the architect for this project with construction expected to begin in spring.
In July 2012 plans were submitted to Greenwich council for the construction of roads to better serve the area around the O2 in preparation for the hotel.
The long awaited heart of east Greenwich development is off to a flying start. After years of waiting the first two floors of the first phase off the project can be seen starting to peer over the building site walls. Meanwhile from the air you can clearly see the different sections mapped out. The project is set to be developed in stages. This will be part of the first phase were we will eventually see 645 homes, a leisure centre, library, council service centre, health centre, retail spaces and a new public square. It has been stated that by late 2013 the first phase should be completed. [..]
The Hong Kong investors actions have seemed to have spurred activity on the peninsula. The student block on plot MO117 is steadily rising out of the ground with planning permission changes appearing on the council website for minor building alterations as with any construction process.
In addition the Greenwich Millienium Village has begun marketing the next phase of development with new boarded signs surrounding the site.
With renewed attention back on the peninsula due also in inpart to Boris’s proposals for a new tunnel crossing we may not just be seeing phase 2 of the GMV but a phase 2 of the Greenwich Peninsular master plan.
Hadley Mace to hold info session on Heart of East Greenwich Sunday 15th July
Hadley Mace, the joint venture between Hadley property group and Mace group that are delivering the Heart of East Greenwich, are to host a information session for the community and nearby residents. Hadley say that it is an opportunity for people to learn more about the [..]