London Square has acquired a mixed-use development site in Woolwich town centre for an undisclosed sum.
The developer has purchased phases three and four of the Woolwich Central scheme in South East London from MB Woolwich Phase 3 and MB Woolwich Phase 4.
The 4.49-acre site has planning consent for more than 700 new homes – 50% affordable – and 18,405 sq ft of retail and office space.
Designed by Formation Architects, the scheme will feature green spaces, a new public square, a 15-storey tower of 122 homes for private sale, five blocks of affordable homes and three blocks of homes for private sale. Construction of the scheme will start this summer.
Adam Lawrence, chief executive officer of London Square, said: “This latest acquisition reflects London Square’s commitment to playing a key role in helping to alleviate the continued housing shortage in Greater London. We are investing in sites in well-connected locations to build significant numbers of well-designed affordable and private homes to appeal to those who want to work and live in the capital. The delivery of this Woolwich scheme will help to revitalise the high street area for the local community and businesses.”
