INDUSTRY NEWS

Boris Johnson gives nod on £1bn scheme for homes and London offices

Mayor of London, Boris Johnson, has approved plans for the £1 billion Convoys Wharf development.

Situated on a derelict site in Deptford, the project will see around 3,500 homes, as well as restaurants, parks, shops and London offices constructed.

The scheme has been designed by Terry Farrell – the man responsible for the tallest building designed by a British architect, the KK100 skyscraper in Shenzhen, China – on behalf of Hong Kong-based investment holding company, Hutchinson Whampoa Limited.

Plans for Convoys Wharf were originally submitted back in May last year (2013). However, Lewisham Council was unable to make a decision and its 16-week notice period expired, resulting in Mayor Johnson be calling in to act as the planning authority for the scheme. Following the approval, Hutchinson Whampoa will work with City Hall planners and the local council on two locally-based projects, one of which entails the restoration of Sayes Court garden.

Commenting on the Mr Johnson’s decision to green light the project, Edmond Ho, executive director of Hutchinson Whampoa Properties, Europe, stated: “We are delighted that the Mayor has approved the masterplan.

“This decision will pave the way for an investment of over £70 million into local amenities,” he added.

Mr Johnson said: “We need to build thousands of new homes in the capital and proposals to do that at Convoys Wharf have stalled for far too long.

“I am pleased that we have been able to work on a scheme that will have enormous local social and economic benefits for local people while preserving the heritage aspects of the site.”

By: Kirsty MacGregor

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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