GALLERY: Plans submitted for £500million investment in Thamesmead
PUBLISHED: 11:59 16 May 2016 | UPDATED: 11:59 16 May 2016
Local housing group Peabody has made the application to Bexley council
Four planning applications have been handed in to Bexley council, which could see more than 1,500 new homes in south Thamesmead.
The applications were made by local housing group Peabody, who are looking to invest £500million in the area.
A new high street and improved connections to Abbey Wood train station, which is set to be part of the Elizabeth Line, are amongst the plans.
One of the planning applications, for Southmere Village, would see more than 500 new homes being built, as well as a new library, shop units and space for outdoor activities.
Another three applications for Binsey Walk, Coralline Walk, and Sedgemere Road would offer around 1,000 new homes, a new pedestrian route, community creative spaces and much more.
Peabody claim successful applications will create new jobs in the area.
Chief executive at the housing group, Stephen Howlett, said: “Thamesmead is a special part of London with huge potential for the future.
“The creation of 1,500 new homes and a new high street as part of the Abbey Wood and south Thamesmead housing zone, together with the arrival of Crossrail means we also have the opportunity to create hundreds of new jobs and attract new business.”
“We are particularly excited about the design quality of our proposals, and are proud that the plans have evolved from extensive conversations with people who live in South Thamesmead over the last 2 years.”
The final phase of the housing zone development could be complete by 2024, with work starting as early as 2017.
Erith and Thamesmead MP, Teresa Pearce, said: “There are great opportunities coming for Abbey Wood and Thamesmead with the arrival of Crossrail and significant investment in the area.
“It is important that any new development works for local people, I urge all local residents to look at the proposals and have their say by taking part in the consultation.”