Greenwich Peninsula deal paves way for delivery of 10,000 new homes

Developer Quintain has sold its minority stake in the Greenwich Peninsula regeneration scheme to its joint-venture partner Knight Dragon in a deal which will ensure the delivery of approximately 10,000 new homes on the 147 acre site.

Commenting on the deal, Sammy Lee, Director of Knight Dragon said:

“Greenwich Peninsula represents a unique opportunity to deliver one of the largest regeneration schemes in Europe and Knight Dragon is fully committed to delivering this landmark development for London, creating thousands of new jobs, new homes and a community where people will want to live.” “Our joint venture with Quintain has achieved a great deal over the past 16 months. We are now looking forward to building on the momentum which has been created.”

Full disclosure: Knight Dragon is a client of mine.