London Square has acquired Leegate Shopping Centre in Lee, South East London, from Galliard Homes and intends to deliver more than 500 new homes on the site.
The site currently has planning in place for 562 homes, comprising 389 private and 173 affordable houses, alongside 4,538 sq m of ground floor commercial space.
London Square will now work with the London borough of Lewisham to increase the level of housing that can be delivered on the site, which will also feature retail, leisure and F&B space and a new medical facility.
Adam Lawrence, chief executive officer of London Square, said: “This acquisition will herald a new chapter for Lee town centre, with much-needed homes and a new retail and leisure destination to attract the existing community and new residents. We look forward to working with the London borough of Lewisham to get the redevelopment under way later this year.”
