An impressive redevelopment project in Woolwich is nearing completion of the first phase. However, the developer is now proposing changes to other aspects of the scheme. It would deliver more housing, including more affordable homes. We want to have a closer look at the plans here. Then, if you want to arrange property management in Greenwich, you can trust us.
The redevelopment
Greenwich Council has been working with Hill Residential on the project since 2022. The original aim was to build a new leisure centre and a significant amount of new housing. These plans got approval that year, so work got underway. Phase One is nearly finished, with the new Woolwich Waves on schedule to open in autumn. It will offer fantastic amenities for the community, including a pool, spa, gym, and more.
The housing element of the original plans was to build five new tower blocks. The tallest of these would reach 18 storeys, so it will have an impact on the skyline. In total it would create 482 new homes. Of those, 35% is affordable housing.
Revision
Hill Residential has now submitted a revised version of their plans for the housing. It was necessary in part because of updates to the building regulations requiring second staircases in high rise residential buildings. They also had an opportunity to optimise the plans to provide more homes and better public space. Talk to us about property management in Greenwich.
The headline from the new plans is the amount of housing will increase to 557 if they get approval. It will also boost the amount of affordable homes to 38%. There will be 188 units for social rent. Crucially, a change in strategy will ensure the majority of these properties go to people on the social housing register. The rest of the housing will be built to rent (267) and for private sale (102).
The increase in housing will be facilitated by increasing the heights of the tower blocks. As a result, the tallest will be 20 storeys. The heights of all other towers will increase. Plus, the new plans include the demolition of the Bull Tavern Pub and buildings. It has been shuttered since 2024, with original plans claiming it would reopen after the redevelopment.
Greenwich Council will need to review the new plans and decide whether to give planning permission. However, in June a spokesperson was positive about the proposals. A statement said they “feel this is the best option for the development”. More importantly, it will deliver the best results for the local community.
Do you want to arrange flexible property management in Greenwich?
London is a fantastic location if you want to invest in properties. It has different assets to suit all kinds of strategies, from high rise blocks to homes with a tiny footprint. You need to be careful though, ensuring you understand the management needs for the properties. It is best to work with a provider that can deliver a consistent service for all kinds of portfolios.
Finefair Ltd is a great company to work with. We can tailor services for a wide array of different requirements. Even better, we can also arrange guaranteed rent. Working with us can give you the best of all worlds; reliable management and financial stability.
So, get in touch if you want to ask us anything about property management in Greenwich and other locations. We’re knowledgeable and can give clients the best level of support.
