Mishcon de Reya has advised Berkeley on its agreement with Places for London in relation to a development site at Royal Arsenal Riverside in Woolwich, enabling the next phase of development above the Woolwich Elizabeth line station.
The site was originally transferred by Berkeley in 2010 to facilitate delivery of the Woolwich Elizabeth line station. Following completion of the station in 2022, Places for London has now returned the site to Berkeley, unlocking a key development opportunity at one of London's most significant regeneration schemes.
The site benefits from planning consent for a 575-home mixed-use development, comprising four buildings arranged around a landscaped podium above the station. The scheme will also provide commercial space, public realm improvements and new landscaped amenity areas.
Royal Arsenal Riverside is a major regeneration project in southeast London, with around 4,000 homes already delivered and more than 5,000 homes expected across the wider development.
The Mishcon team was led by Anju Suneja, Partner in Real Estate, and supported by Oliver Neasham (Real Estate), Rebecca Murphy (Real Estate). Planning advice was provided by Partner Nicholle Kingsley, Anna Trafford and Jon Legg, Partner in Real Estate Tax, also advised.
Anju Suneja commented:
"We are delighted to have supported Berkeley in reaching this important milestone at Royal Arsenal Riverside. This transaction demonstrates the value that can be created when the public and private sectors work together over the long term to unlock complex urban sites. At a time when developers continue to navigate evolving regulatory requirements, viability pressures and a constrained planning environment, bringing forward well-connected developments such as this remains critical to increasing housing supply".
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