In March 2012, U+I acquired Morden Wharf, a 19-acre site on the southwestern end of the Greenwich Peninsula, formerly the site of a large sweeteners refinery and one of the few remaining significant London riverfronts left for major regeneration.
The major riverside regeneration site is adjacent to the O2 Arena, with 500 metres of Thames riverside frontage. It demonstrates our ability to undertake complex corporate transactions and to acquire land assets with significant development challenges in areas of major change.
Morden Wharf will play a key role in the delivery of the Royal Borough of Greenwich’s Masterplan for the area. The Peninsula West Masterplan maps out a transformation of the area to the west and south of the O2 Arena into London’s premiere entertainment zone, with multi-purpose sports, entertainment and educational facilities, as well as over 15,000 new homes.
Our vision is to create a development that respects the site’s past and responds to the present and future context: traditional mansion block housing, present day industrial buildings, and a future high-density waterfront development. The masterplan proposes an amalgamation of parts, which pays tribute to the site’s context and yet allows it to be perceived as a single whole.
We are working with world class architects, OMA, on the proposed masterplan for new homes, workspace and improvements to the Thames Path. Ultimately, Morden Wharf will create 1,500 new homes, including over 500 affordable homes, for the area.
In November 2018, we hosted a public exhibition of the plans, where local people and interested parties could meet the project team and give their views.