CONTACTCONTACTLondon Square, an award-winning developer and Aldar-owned company, continues its expansion in London, with the acquisition of a major Woolwich town centre site for over 700 high quality new homes – with 50 per cent affordable housing.
London Square has purchased phases three and four of the Woolwich Central scheme in South-east London from MB Woolwich Phase 3 and MB Woolwich Phase 4. The 4.49-acre site has planning in place to create new homes, shops and offices, bringing a new focus to Woolwich High Street and the town centre.
The mixed use development will feature attractive green spaces and a new public square, with a 15-storey tower of 122 homes for private sale, five blocks of affordable homes, and three blocks of homes for private sale in a landscaped setting. The Formation Architects designed scheme includes 18,405 sq ft in total of commercial space, plus community amenity space. Construction will start this summer.
Woolwich appeals to first-time buyers in search of high quality homes at relatively affordable prices and attracts young families, with excellent school options at both primary and secondary levels. There is also strong demand for homes in Woolwich due to its excellent transport links into central London and the city. Woolwich station on the Elizabeth Line is 400 metres from the site and Royal Arsenal station on the DLR is 150 metres away, plus City Airport is close by.
Adam Lawrence, Chief Executive Officer at London Square
Adam Lawrence continues "We are investing in sites in well-connected locations to build significant numbers of well-designed affordable and private homes to appeal to those who want to work and live in the capital. The delivery of this Woolwich scheme will help to revitalise the high street area for the local community and businesses.”
Since Aldar’s acquisition of London Square in late 2023, the company has rapidly expanded its presence across central London. Since the start of the year, London Square has also acquired a former convent site in Tite Street, Chelsea, Wyvil Road in Vauxhall, and Westminster Tower on Albert Embankment in the heart of the capital. In addition, London Square recently completed on a former Richmond College site in Twickenham, South-west London, in a joint venture with Latimer.
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