|
|
 |
18 December 2002
Greenwich Peninsula Regeneration Plans on Track
- Planning application submitted to London Borough of Greenwich
- Comprehensive 20-year regeneration of the Peninsula proposed
- 10,000 new homes, including thousands of affordable homes
- New employment space, new shops, a new school, local transport improvements
- A world-class 26,000 maximum capacity entertainment & sports Arena inside the Dome
- A new hotel and areas of public open space and parkland
- Ultimately will see a community of 20,000 residents and 24,000 jobs
Meridian Delta Ltd (MDL), English Partnerships (EP) and Anschutz Entertainment Group Europe (AEG) will this week submit a planning application to the London Borough of Greenwich for the comprehensive regeneration of the Greenwich Peninsula, including the Dome. This is in line with the timetable announced when contracts were exchanged with Government in May and paves the way for a new community to be created on the Peninsula. Work could start in mid-2003 depending on planning approval.
The Masterplan accommodates around 10,000 new homes during the 20 year life of the regeneration, including thousands of affordable homes to be developed and occupied at the same time as the for-sale housing. The exact number and mix of affordable homes will be determined in discussion with the relevant authorities as part of the standard planning application process.
New office and retail space will bring 24,000 long-term jobs to the Peninsula, whilst the Dome itself will provide a world class entertainment and sporting destination for London based around a new 26,000 maximum capacity Arena (22,000 seats). The regeneration will also see significant local transport improvements and new areas of public open space, parkland and a complete river walk and cycle way around the Peninsula.
David Hutton of Lend Lease, said today:
“The opportunity to create a new urban community in central London is very rare and brings with it a great responsibility. The Masterplan we are submitting is the result of an enormous amount of detailed work and consultation and creates a place where people will enjoy living, working and visiting. This will be a comprehensive sustainable regeneration, integrated with a world class entertainment and sporting destination at the Dome.
“We will create a vibrant new urban community with high quality public spaces and parkland, based around a tube and bus station with many car-free streets and pedestrian only areas. By focusing on the requirement for new homes, we are responding to the needs of Greenwich and London.
“The submission of this application meets the timetable we set out in May and we are on track with all areas of our work programme. We look forward to continuing to work with the London Borough of Greenwich, the Greater London Authority, English Partnerships and our neighbours on the Peninsula and in Greenwich as the planning application is taken forward.”
Nick Shattock of Quintain, said today:
“We said in May that we saw an opportunity for thousands of new homes on the Peninsula – including significant provision of affordable housing – and we will deliver this. The affordable housing will be built and occupied along-side the for-sale homes during the life of the 20 year regeneration.
“The exact levels of affordable housing and the mix of homes and tenures provided will depend upon the outcome of continued discussions with the London Borough of Greenwich, the GLA and English Partnerships as the planning application is considered. This is a standard process and we are committed to providing homes on the Peninsula for people of varying circumstances and backgrounds.
“Depending on planning approval, we hope to be able to start the regeneration in mid 2003.”
Detlef Kornett, Managing Director of AEG Europe said,
“The Dome Arena will provide London with one of the finest entertainment and sports venues in the world and create hundreds of new jobs for the area. Together with new bars, restaurants and other leisure facilities around the Arena, visitors will be offered a vibrant environment in which to enjoy the variety of events.
“We have been working with MDL and English Partnerships to ensure that the final Masterplan takes into consideration the needs of the community who will live and work in the Peninsula and those of the wider London population. We are confident that this will be achieved.
“Having hosted everything from Madonna to the Rolling Stones and the Academy Awards at our other venues around the world, AEG is well placed to deliver an exceptional Arena which will create a new entertainment destination for London.”
Further Information
About Meridian Delta Ltd
MDL is a joint venture company, made up of Lend Lease and Quintain Estates and Development plc. The company was formed specifically to lead the regeneration of the Greenwich Peninsula and the Millennium Dome and secured an agreement with the Government’s regeneration agency English Partnerships in May 2002. MDL has in turn contracted with Anschutz Entertainment Group Europe (AEG) – one of the worlds leading live entertainment companies – to fund, develop and operate a new world class arena inside the Dome. Since May 2002, MDL and AEG have undertaken active pre-application consultations, including local exhibitions, road-shows and meetings which together have been attended by over 2,000 people. In August 2002, MDL opened a dedicated office next to the Dome on the Greenwich Peninsula.
About Lend Lease
Lend Lease is an integrated global real estate group comprising two businesses: Real Estate Solutions, which offers clients creating physical assets a full range of project management, construction, development, capital structuring and consulting services; and Real Estate Investment Management, serving clients who invest in real estate equity or debt. Listed on the Australian Stock Exchange, the group operates in 43 countries on six continents and has over £33 billion of assets under management. Lend Lease has extensive experience in developing large-scale, complex, mixed-use projects, and is one of the largest investment managers of affordable housing in the US. Relevant recent successes in the Lend Lease portfolio include Bluewater, the 240 acre shopping and leisure destination in Kent - Europe's leading retail and leisure destination - and the Sydney 2000 Olympic Village in Australia. In addition, Lend Lease was recently awarded the £716 million development of Victoria Harbour in Melbourne, Australia. Victoria Harbour is one of the largest urban renewal projects in Australia and will combine commercial, retail and residential components along 3.5kms of active waterfront.
About Quintain Estates and Development plc
Quintain Estates and Development plc is a fully quoted property company in the FTSE 350 that develops and invests across the UK in all sectors. Incorporated in 1992 and floated in 1996, it has grown significantly since incorporation. Its last reported net worth was £395 million with gross assets in excess of £700 million. With a core focus on the mainstream sectors of the commercial property market, Quintain also has strong expertise in less traditional undertakings such as social housing, student accommodation, hospitals and nursing homes. Quintain has recently completed a substantial apartment building in Park Lane, Croydon. It is developing a care village in Bristol with 48 close care apartments and a nursing home. In August 2002, it completed the purchase of the 44 acres Wembley Village site next to the Stadium and including Wembley Arena and conference and exhibition centre. In October 2002 it completed a 300,000 sq ft new high street and bus station for Scunthorpe.
About Anschutz Entertainment Group
AEG is a privately owned company and has the experience of and proven track record for owning and operating some of the world’s best arenas and theatres. These include the world famous STAPLES Centre in Los Angeles and the Kodak Theatre – home to the Academy Awards. AEG Live, a subsidiary of AEG, promotes a wide range of music and entertainment acts. Concerts promoted by them have included Robbie Williams, Britney Spears, Christina Aguilera, Celine Dion, the Eagles and Linkin Park. AEG is the largest owner of sports teams in the world. AEG’s portfolio includes seven professional sports teams across Western Europe including the London Knights Ice Hockey team. They also own the Los Angeles Kings Ice Hockey team and the Los Angeles Lakers Basketball team.
media
|