Greenwich Council has approved the construction of Hyde’s 1200 Units at Charlton Riverside Scheme, a project to regenerate the 122 hectares area along the south bank of the River Thames at Charlton, London, that forms part of the Royal Borough of Greenwich, into a mixed-use quarter, characterized by medium-rise housing and a significant proportion of family homes.
The project for the construction of Hyde’s 1200 Units at Charlton Riverside Scheme will be carried out in phases, the first of which will deliver a total of 718 units upon completion expectedly in 2026. 263 of the 718 units will be set aside for London affordable rent, 133 for shared ownership, and 322 for private sale.
Greenwich Council also granted preliminary approval for a further 494 units to be built in a later phase.
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Hyde’s 1200 Units at Charlton Riverside Scheme is a part of the developers’ efforts to achieve urgently needed homes for the region
Speaking on the project for the construction of Hyde’s 1200 Units at Charlton Riverside Scheme, Jaime Buckley, land, and planning director at the Hyde Group, said that they have been working extremely hard over the last few years to achieve urgently needed homes for this region, and Greenwich at large.
“I’m happy that we have the council’s support to execute this essential major construction, which I’m convinced will produce a dynamic, appealing neighborhood for many people for many years to come and serve as a catalyst for future development in the area,” explained Mr. Buckley.
Hyde built a total of 651 new homes last year and began 1,926 more. Under the Homes England strategic partnership program, it has been assigned US$ 387.5M to build 3,000 homes and it has also agreed earlier this year with institutional investor M&G to fund a close to US$ 655M development pipeline to create 2,000 new shared ownership homes.
