Montreaux acquires Greenwich site for £450m mixed-use scheme

Montreaux has acquired a 9.75-acre development site for a residential-led mixed-use scheme valued at £450m. The developer has acquired the freehold to the unconsented site at Stone Foundries on Woolwich Road in Charlton, SE7, for £45m. The seller, family-owned Langham Estates, instructed Savills to sell the site last year, and agents brought the development opportunity to market in June 2018. Montreaux will develop a scheme of around 1,000 homes with a combination of affordable homes, private market sales and a large chunk of build-to-rent, targeting both the first-time buyer market and young professionals seeking rental homes with good commuter links