A “landmark” south-east London regeneration scheme which will create a new “Greenwich quarter” and provide 1,500 new homes has been acquired by Galliard Homes and City Developments Limited (CDL) for an undisclosed sum.

The £167m-turnover firm Galliard and Singapore-based CDL confirmed they had acquired the 13.8-acre Morden Wharf development – estimated to be worth £770m in 2021 – from LandsecU+I and Morden College charity.

In September 2022, U+I secured planning permission for a “landmark regeneration scheme” which includes 12 residential blocks of up to 36-storeys overlooking the Thames, and a new 3.9-acre riverside park.