Regeneration Scheme With Biodiverse Park To Break Ground In 2022

The planning application for the new 1,750-home development, being delivered by Berkeley in collaboration with Peabody and forming part of Peabody’s exciting wider regeneration of Thamesmead, received the backing of the Royal Borough of Greenwich in December 2020. 

Conditions of the planning permission were confirmed in May 2021. Berkeley and Peabody have now finalised the development agreement, meaning construction work can begin and the vision for this mixed-use development can be brought to life.

Construction will begin early in 2022, with the first phase of new homes, encompassing both affordable and private homes, due to be completed in 2025. Berkeley recently launched a mix of one-, two- and three-bedroom homes in Phase 1 of the development for sale. 

Lombard Square will deliver:

• A total of 1,750 high-quality new homes, 700 (40%) of which will be much needed affordable housing, including 429 London affordable rent and 271 shared ownership new homes. Half of the new homes in the first phase of work will be affordable housing, with priority being given to delivering those homes quickly
• A new, public two acre ‘Central Park’ (equivalent to the size of two Wembley football pitches) which will be the beating heart of the development. Landscaped green space across the development will create new habitats for wildlife and plants and create pedestrian-friendly links between the River Thames, Broadwater Green, Plumstead and Thamesmead
• A 45% biodiversity net gain across the development. Berkeley and Peabody will plant new trees, hedges and wild flower meadows, while new ponds and grassland will attract more wildlife
• 57,000 sq ft of new flexible commercial and employment space, to meet a range of needs and budgets, creating new jobs and providing opportunities for local businesses. This will include flexible workspaces and encourage investment into the area
• New infrastructure to encourage sustainable forms of transport and integration into existing communities, including footpath and cycle links to Plumstead High Street and Plumstead Station
• Upgrades around Plumstead Station to ensure an improved and safer environment. The site is also just a 15 minute walk from the new Woolwich Arsenal Crossrail station which will connect to Canary Wharf in just 7 minutes and Bond Street in 21 minutes

Karl Whiteman, divisional managing director for Berkeley East Thames, says: “We’re extremely grateful to the local community for engaging with us and our partner Peabody to shape our vision for Lombard Square.

“It will be a real driver of change for Plumstead and Thamesmead. We’re taking unused and long vacant land and delivering homes, employment, retail and leisure opportunities alongside a stunning new biodiverse park which can be enjoyed by the whole community – something we hope everyone will be proud of and benefit from.

“Berkeley has had the privilege of working in The Royal Borough of Greenwich for over two decades and we remain committed to taking derelict, unloved land and turning it into exceptional spaces which improve the lives of those who live and work on and near to it.”

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