Private landlord Peabody has taken control of a 100 acre tract of land in Thamesmead, south east London, with the aim of planning a major settlement in the area that could support thousands of new homes.
Peabody, one of London’s largest and oldest housing providers, has taken over Tilfen Land, which owns major sites in Thamesmead, and Trust Thamesmead, a community development agency.
“Bringing Tilfen and Trust Thamesmead into Peabody will help us realise our vision of creating thousands of new homes and jobs, which will drive the comprehensive regeneration of the area,” said Peabody chief executive Stephen Howlett. “Thamesmead has the potential to be London’s major garden suburb, with beautiful green space, first-class amenities, excellent schools, and rapidly improving transport connections.”
The moves follow January’s acquisition by Peabody of Gallions Housing Association, and Peabody is now talking of a 10 to 15 year period of development for Thamesmead, which in 2018 will benefit from better rail connectivity thanks to a Crossrail link at Abbey Wood station. London mayor Boris Johnson is likely to be supportive of further development at Thamesmead, having named the location as a potential new “garden suburb” in his recent housing strategy.
Peabody has previously committed to building 1,000 new homes a year from 2015, and is comfortable building a mix of tenures, including social rent, private rented, homes for sale, and commercial space for rent.