Galliard Homes and U+I have been chosen by Royal London to redevelop 5.8 acres of the Westminster Industrial Estate in Charlton.
The trio will form a development partnership for the site, which they intend to turn into a £200m creative-style urban quarter for London with around 450 residential units alongside workspace.
The site has the potential to fit into the far wider regeneration of Charlton Riverside, which sits to the south of the Thames Barrier.
Richard Upton, deputy chief executive of U+I, said it was actively looking to tie the scheme in with adjacent sites and was talking to the GLA and the council. U+I own a further 10 acres next door at Charlton Riverside, bought in joint venture with Proprium last year.
He said they want to create a new village, and an ecosystem that will be mutually supportive between residential and commercial space.
The site is within the Charlton Riverside opportunity area designated by the Royal Borough of Greenwich and the GLA. The 250-acre regeneration has the potential for 5,000 new homes.
Thamesmead, the Peabody led regeneration scheme to the east, has the potential for a further 20,000 homes, while North of the river L&Q’s Barking Riverside plans a further 10,000.
GL Hearn and Savills acted for Royal London and Galliard Homes/U+I respectively. Studio Egret West are drawing up plans for the site.
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