Galliard Homes and Singapore-based joint venture partner City Developments Limited (CDL) have acquired the 13.8-acre Morden Wharf development in the Royal Borough of Greenwich from LandsecU+I and the Morden College charity.
Hybrid planning permission for a residential-led mixed-use scheme on the site was granted in September last year. The proposed development will comprise 12 blocks, delivering around 1,500 new residential units, in addition to circa 186,000 sq ft of logistics and creative workspace units and 50,000 sq ft of retail, F&B, community and convenience spaces.
Stephen Conway, executive chairman at Galliard Homes, said: “Galliard Homes is delighted to announce our partnership with CDL, to provide much-needed homes within Greenwich. CDL’s worldwide reputation as an industry leader, marked by their commitment to delivering first class development across numerous asset classes, aligns with our values. We hope this will be the first of many more future projects together.”
Mike Hood, CEO of LandsecU+I, added: “We’re proud of the transformational masterplan at Morden Wharf in collaboration with Morden College to create a whole new Greenwich quarter with homes, jobs and a Thameside park. Following the receipt of planning consent last year, our focus has been to raise vital funds for the charity’s work across the borough. We intended to find a specialist partner to begin to deliver the consented scheme, and through Galliard Homes, we have done that. We will continue our strategy to invest in our mixed-use urban regeneration pipeline over the next five years to realise our ambitions.”
Meryl Davies, CEO of Morden College Charity, said: “Morden College is pleased that the sale of Morden Wharf will regenerate another area of South East London, expanding the community that lives to the east of Greenwich town centre. Our founder, Sir John Morden, bequeathed the land to the charity over 300 years ago so that Morden College would be able to care for and support older people who are in need in perpetuity. This sale enables us to continue to work towards that goal.”
CBRE and Gerald Eve acted for the Vendors.
