Plumstead is a step closer to having a brand new biodiverse public park after an agreement was sealed on plans for an ambitious new regeneration scheme called Lombard Square
The planning application for the new 1,750-home development, being delivered by Berkeley in collaboration with Peabody received the backing of the Royal Borough of Greenwich in December 2020 and confirmed in May 2021.
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.
Karl Whiteman, Divisional Managing Director for Berkeley East Thames, said: “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.”
Lombard Square will deliver a total of 1,750 new homes, 700 (40%) of which will be 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.
A new, public two acre ‘Central Park’ green space across the development will create pedestrian-friendly links between the River Thames, Broadwater Green, Plumstead and Thamesmead.
In addition, 57,000 sq ft of 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
Matthew Foulis, Peabody’s Project Director for Thamesmead, said: “We are proud to be making a long-term commitment to Thamesmead; creating high-quality affordable homes, employment opportunities and investing in the green and blue spaces surrounding the area. Our regeneration will bring a wealth of benefits to the community in this part of London and transform the local landscape.”
