As a key partner in the Greenwich Peninsula development L&Q will be responsible for 1,500 of the 10,000 homes built providing a mix of rented and shared ownership schemes.

As well as housing, a new community is being created on the Peninsula that will include a school, a college, offices, cafes, shops and restaurants. 

The housing association was joined by Yvette Cooper to celebrate work beginning on the first residential plot to be developed on the Greenwich Peninsula - a joint project between L&Q and Bellway and designed by architects Stock Woolstencroft.

There will be 169 homes on this plot in total, of which L&Q will have 46 for rent and 14 for shared ownership. Bellway will then sell the remaining 109 on the open market.

Don Wood, chief executive of L&Q said: "The Greenwich Peninsula is just one of the many projects L&Q has planned over the next 10 years. We look forward to becoming a major part of the Governments plans to deliver affordable housing as our financial strength and experience allows us to get involved in large scale delivery."