JER Partners has teamed up with Lane Castle to develop a significant site in Greenwich on the River Thames in South East London, which has planning permission for mixed residential, retail and commercial use.
The development will include the construction of 160 private residential units, 10 live/work units and 87 social housing units, together with over 34,000 ft² of retail and commercial space. JER has recently increased its interest in the European residential market by investing in three portfolios in Berlin in Germany, but the residential project in Greenwich marks a first for JER in London.
Malcolm Le May, President JER Partners Europe commented: The Greenwich project represents a very interesting investment opportunity for JER and Lane Castle. The area is currently undergoing significant regeneration which is accompanied by a growing appetite for residential accommodation. Its proximity to Canary Wharf and connectivity to the City, combined with attractive local parkland and amenities make this quiet waterfront setting an outstanding alternative residential location.