Construction News

Thu September 24 2020

Related Information

Kier to build £50m Greenwich tower blocks

1 Sep 14 Kier has signed a £50m contract to design and build four blocks of flats in London’s Greenwich Peninsular for Knight Dragon Developments.

Kier will build four towers at Greenwich Peninsular
Kier will build four towers at Greenwich Peninsular

The Hong Kong based developer is transforming a broad swathe of Greenwich Peninsular near the O2 Arena (formerly known as the Millennium Dome). The site is one of the largest regeneration schemes in Europe. Wates Construction is also on site.

Kier will design and build 224 luxury apartments arranged in four riverside blocks, anchored by a 24-storey tower. 

A total of 10,000 new homes are planned for the whole Greenwich Peninsular development by 2039. More than 60 new development plots will be created by Knight Dragon on this 160-acre site to form a new waterfront district for London by 2039.

Knight Dragon is owned by Henry Cheng Kar-Shun, whose family controls Chow Tai Fook Enterprises, which has a substantial interest in the conglomerate New World Development.

Paul Symons, Knight Dragon Developments’ head of project management, said: "This contract award marks yet another milestone in the landmark Greenwich Peninsula scheme, and we are delighted to have appointed Kier to undertake the build of this particular plot.

Related Information

"We are confident that Kier has the right expertise to deliver our overall vision, alongside our other contractors, and we are looking forward to working with them all collaboratively to deliver the forthcoming plots on the development."

Kier pre-construction director Chris Dyer added: "It will be a critical regeneration project for London, providing much needed high quality housing, alongside leisure, retail and commercial space, to create a vibrant new district for the city. It’s also excellent to have the opportunity to partner with a developer that has the skill and vision to deliver such substantial projects, so we look forward to working together in the long term.

"This particular scheme is also a testament to our skills in high rise development, which we believe will prove important in the London market as we witness a surge in tower schemes. With over 200 projects currently in planning in the city, this will undoubtedly be a growth market.”

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »