U+I has submitted for planning at Morden Wharf, its €852.4m (£770m) GDV scheme on Greenwich Peninsula. It expects the planning decision at the end of 2020. Development and trading profits are expected to be €16.6-22.14m (£15-20m) during the lifespan of the project, with the first gains expected to be delivered in FY2022. Once complete the mixed-use scheme will deliver around 1,500 new homes, hundreds of jobs and more than six acres of the high-quality public realm, including a landscaped park along the River Thames. The plans could also provide a new permanent boathouse for the Queen's Royal Rowbarge, Gloriana.
Richard Upton, Chief Development Officer at U+I, commented: "Our planning submission at Morden Wharf is another key milestone for U+I as we prime our pipeline for growth. This riverfront scheme will deliver a distinctive, green, mixed-use neighbourhood while driving growth and employment and delivering much-needed new homes to the area."