We are advising Barratt on their joint venture with a fund managed by Morgan Stanley Real Estate Investing on its prestigious development of a site at Enderby Wharf on the Greenwich Peninsula. The historic 8.9 acre site sits on 130 meters of river frontage between the centre of Greenwich and the O2 Arena. The site has a long industrial history and was first developed by the whaling company, Enderby and Sons. Subsequently it was used to manufacture some of the first transatlantic telecommunications cables and a cross channel petrol pipeline to support the D Day invasion.
The development will comprise of 770 residential homes, and the site will also feature:
- A 251 room hotel with conference facilities
- commercial space
- A gymnasium
- A Thames Clipper and cruise liner terminal
- A visitor centre in the Grade II listed Enderby House which will be fully restored.
A new link road to Blackwall Lane, the main trunk road on the Greenwich Peninsula will also be constructed.
To date, we have established the joint venture entity, obtained planning permission and agreed a protocol for satisfying planning conditions, as well as negotiating cooperation agreements with the owners of the development’s commercial elements.
Throughout 2014 we were also involved in negotiating the forward sale of the freehold reversion to investors, as well as work in relation to the affordable housing aspects of the project.