Housing minister Yvette Cooper today said a mass residential development at Greenwich Peninsula was a great opportunity for the regeneration of the Thames Gateway.
Cooper said the site, where 10,000 homes are being built, could be transformed into a ‘unique’ district.
‘The Government has pledged to build 3m new homes by 2020 to help young people and families get on the housing ladder,’ said Cooper. ‘We must make sure that the homes of the future are sustainable as well as affordable and the types of housing are places where people want to live.
‘The start of work on these homes is now a great opportunity to create a unique new district for London.’
House builder Bellway Homes is constructing the first 229 homes at the site near the O2 arena.
Around 3,500 of the homes will be affordable.
The finished development will have 3.5m sq ft of office space, 363,000 sq ft of retail and 48 acres of Green space.
The Greenwich Peninsula jv is working with English Partnerships to develop the destination.
Cooper was also in the area to open the Thames Gateway Forum at the Excel conference centre.