Greenwich Peninsula Site Visit presentation

Future of London Greenwich Peninsula site visit Mark Baigent, Project Director Name of presentation

Name of presentation

The East London Arc of Opportunity

Brief history • Former gas works • Decontaminated and remediated by EP in 1990s • Millennium Dome • Greenwich Millennium Village begun early 2000s • Meridian Delta Limited (MDL) masterplan 2004 • Site transferred to HCA then on to GLA Name of presentation

Peninsula Regeneration Objectives • Affordable housing in mixed tenure developments • New jobs and training • Health, community, education and recreation facilities • Sustainable transport network, with new links across the river

• New physical and social infrastructure must go hand in hand with new housing supply • Design quality & sustainability Name of presentation

Peninsula masterplan • c.13,000 new homes • O2 most popular live music venue in the world and 2012 Olympic venue • Ravensbourne college of multi-media design • Business district 325,000 sq m • Hotel and conference centre up to 60,000 sq m • Low carbon energy network Name of presentation

Greenwich Millennium Village Phases 1 and 2 built mid-2000s [1,100 homes]

Phases 3 to 5 stalled, now progressing [1,750 homes]

Revised tenure mix [32% affordable housing] Name of presentation

Meridian Delta / GPRL • Originally 50:50 JV between Quintain and Lend Lease • Between 2004 and 2012, only one residential plot was built, two office buildings and a college.

• July 2012 majority shareholding acquired by HK investor Knight Dragon • Stimulated new approach to accelerate residential & commercial developments Name of presentation

MDL site 2004 s106 agreement • 10,000 homes across c.50 plots • 38% affordable housing across the site • Only one residential plot developed to date – Bellway c.230 homes

MDL site 2013 s106 deed of variation • 3,100 homes across 11 plots • 25% affordable housing (by habitable rooms) • Revised tenure mix: four northern plots without affordable homes; southern plots 50%+ affordable • Knight Dragon investment to accelerate delivery Name of presentation

Heat Network • • • • • •

Name of presentation

Space heating and hot water 10,000 homes plus potential extensions Commercial premises Innovative joint venture approach Substantial carbon savings Recycling dividends into regeneration