Development Securities, in joint venture with Cathedral Group, today announces that it has acquired a 2-acre freehold and 17-acre leasehold interest with 32 years remaining in a regeneration site on the Greenwich Peninsula.
The joint venture will develop a masterplan to bring forward the development of a mixed-use scheme.
The joint venture will develop a masterplan to bring forward the development of a residential-led, mixed-use scheme on the site which has 500 meters of Thames frontage and is adjacent to the O2 Arena.
Previously a glucose factory developed by Tate and Lyle in the 1960s, the 19-acre site has been cleared and remediated, and is vacant except for an office building and two warehouses totaling circa 128,000 ft² (approx. 11,891 m²).
Source: Development Securities