Greenwich council approves Hyde’s 1,200-home south bank scheme

Greenwich Council has given permission for housing association Hyde to build 1,200 homes as part of the Charlton Riverside regeneration project on the south bank in London. 

Forty per cent of the homes will be affordable and the first 718, in the initial phase of the scheme, are expected to be completed by 2026. 

Jaime Buckley, land and planning director at the Hyde Group, said: “We have been working very hard on bringing desperately needed housing to this area, and to Greenwich, over the last few years and I’m thrilled that we have the council behind us to deliver this vital new development. 

“I’m confident that it will create a thriving, desirable community for many people for years to come and will be a catalyst for further development in the area.” 

Of the 718 homes, 263 will be for London affordable rent, 133 for shared ownership and 322 for private sale. 

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Greenwich Council also gave outline permission for a further 494 homes to be delivered in a future phase. Funding of £22m from the Greater London Authority will help build the affordable homes.

Charlton Riverside is a 122-hectare regeneration site that is expected to eventually deliver 5,000 to 7,000 homes, 50% family housing and 35% affordable. The properties will be low to medium rise. 

Hyde last year completed 651 new homes and started a further 1,926. It has been allocated £250 million to deliver 3,000 homes under the Homes England strategic partnership programme.

It also earlier last year agreed a deal with institutional investor M&G to fund a £500m development pipeline to deliver 2,000 new home for shared ownership.