Transport for London has struck a deal with Oakmayne Properties to develop three sites in the south-east suburb of Woolwich.
The sites - the airspace above the two DLR station entrances and a former works site - form part of the new DLR extension to Woolwich centre due to open during the early part of 2009.
Oakmayne were selected over Berkeley Homes, Cathedral Group and First Base as TfL’s partner for the sites as a result of their ‘design-led approach’ and ‘comprehensive residential regeneration experience in the South London market,’ it said.
Matthew Hudson, director of corporate finance property development at TfL said: ‘The extension of the DLR represents a tremendous contribution to the regeneration of Woolwich Town Centre. This agreement will ensure a high quality redevelopment will also be delivered making a positive contribution to the heart of Woolwich.'
DTZ acted as consultants and development agents on behalf of TfL for the disposal of the three sites.