Greenwich Peninsula has seen some huge developments over the years, dramatically transforming the former marshland. It was originally drained to create land for pasture but became a focus of the industrial revolution in the 19th century. As part of this it became home to many manufacturers including steel works, gasworks, and chemical producers.
Sadly following closure of many of the businesses in the area left it barren and struggling with a great deal of contaminated land. This could not deter regeneration for too long though and work began in earnest in the 1990s. The transformation saw new transport infrastructure, homes and commercial premises created. The Millennium Dome was also constructed in the area.
The redevelopment continues to this day. Recently a new eye-catching architectural feature named the Optic Cloak was completed in the area. The metallic, aluminium clad chimney is 49m tall and 20m wide. It is as functional as it is aesthetically pleasing and will ultimately provide hot water and heating for 15,000 homes that are to be built on the site.
The next stage of the redevelopment of the Greenwich Peninsula is the construction of a “mega-district”. This will include the aforementioned new homes, 2,000 of which are already complete, as well as 3.5 million square feet of commercial space. The Optic Cloak will provide low carbon energy that will save a huge amount of emissions. The project will take approximately 25 years to complete.
At Finefair we have a great knowledge of the property market in Greenwich and understand the attractions homes in the area can offer to buyers. The huge number of new properties planned will draw even more people to the Borough in the future, particularly with the wonderful riverside location and the transport infrastructure.
We are proud to work in Greenwich and provide a wide array of services, from council leasing to guaranteed rental schemes and property management. We are on hand to help all kinds of buyers and will deliver the kind of personal, professional service they deserve.