Knight Dragon accelerates development of Greenwich Peninsula scheme with appointment of three contractors

Greenwich Peninsula

Hong Kong developer Knight Dragon is accelerating development of the £5bn Greenwich Peninsula scheme in South-east London, with the appointment of three contractors to the 500-home second phase of the scheme, worth £141m, writes Iain Withers.

Knight Dragon has appointed Wates and GB ΢Ȧ respectively to build out £60m and £31m plots of the second phase, called Peninsula Riverside, ΢Ȧ can reveal.

The news comes after Kier announced on Monday it had been appointed to a £50m plot of the scheme (pictured), comprising 224 apartments across four blocks, the tallest of which will be 24 storeys.

Paul Symons, head of project management at Knight Dragon, told ΢Ȧ the developer was accelerating its work on Greenwich Peninsula, which will ultimately deliver 10,000 homes. Symons said: “We’ll move pretty quickly [through the phases].”

In total, Knight Dragon will create 60 development plots in Greenwich Peninsula by 2039.

Symons said the developer is fostering a partnering approach with contractors on the project, with contractors currently involved in the scheme being Kier, Wates, GB ΢Ȧ and VolkerFitzpatrick. Symons cited Argent’s partnering approach at King’s Cross with contractors Carillion, Kier and Bam as an inspiration. Symons said: “It will be very much like King’s Cross. We’ve seen what they have done and recognise their experience and success.”

But he said there could be opportunities for other contractors: “I’m not saying we’re closing the books. We have the opportunity to bring in other contractors.”