Willmott Dixon has secured the £60m residential element of a mixed-use regeneration scheme in Greenwich as part of a development agreement with the developers Cathedral Group and Development Securities.
Willmott Dixon’s development division, called Regen, will deliver the residential quarter at The Movement, Greenwich. Progress has already started with the s106 being signed with the London Borough of Greenwich.
Occupying 2.2 acres of prime land adjacent to Greenwich High Road and the Docklands Light Railway station, the 181-home 11 storey Residential Quarter is an integral part of The Movement.
The scheme will include a student village, Travelodge hotel, additional 27 room boutique hotel, health, fitness and retail accommodation and a children’s nursery. A new pedestrian street running through the middle of The Movement will provide easy access to all these various amenities.
Willmott Dixon will use its capital works contracting arm to build the residential quarter, which already has planning permission.
Work is due to start on site this summer to create the homes, which range from one to three bedrooms and comprise 147 open market sale, 24 affordable rent and 10 available for shared ownership. The homes will be completed by summer 2014.