The first phase of Peabody Housing Association’s Thamesmead regeneration scheme in London will be delivered by contractor Durkan. The developer has signed a deal to deliver the £45 million Southmere Village Phase 1A, which includes 130 new homes, an energy centre with associated district heat network, commercial space and parking and a range of formal and informal public spaces.
“We’re delighted to be working with Peabody to deliver this exciting new development for the capital. At Durkan we’re conscious of the need for new homes and living spaces in London and it’s our priority to deliver sustainable communities that help to address this. We’re looking forward to helping Peabody deliver on its proposals for Thamesmead, in what will doubtless add long-term value to a growing community,” said Jim Briggs, Managing Director at Durkan.
Other features included in the plan are offices, shops, cafes and restaurants, as well as updates to the local road networks for drivers, pedestrians and cyclists. Overall, Peabody is aiming to transform Thamesmead with 20,000 new homes as part of a 30 year development plan.
“Durkan has a strong track record of delivering top quality homes. We are pleased to be moving forward with them on the first phase of Southmere Village as part of the comprehensive regeneration in South Thamesmead. This is the third major scheme we have committed to in Thamesmead and represents our long-term commitment to the area,” commented Angela Wood, Peabody Development Director.
Durkan was established in 1970 and is a financially independent, family owned developer and contractor, which invests in the development, construction and refurbishment of affordable, quality homes and communities throughout London and the Home Counties. The company offers an end to end solution, delivering complex projects with skill and expertise that are trusted by its clients and everyone they work with.