The scheme will provide 272 new homes, including apartments and houses, paving then way for construction work and helping economic growth in the local area.
Located off Blackwall Lane, the Telegraph Works site has a fascinating history. The site dates back to the Tudor period when it served as Queen Elizabeth I’s gunpowder store, supplying the English ships that in 1588 fought the Spanish Armanda.
Now Weston Homes and Cathedral Group are working together to add a new chapter to the history of the site. Cable shops and warehouses are being replaced by a landmark development providing some 198,347 sqft of residential accommodation.
Bob Weston, Chairman & Managing Director of Weston Homes said: “Weston Homes and Cathedral Group are transforming this first class Greenwich peninsula site into a landmark residential address which will deliver desperately needed homes to the local community and Londoners from further afield.
“This project is a flagship London development for the joint venture partners and has a luxurious specification with a range of option choices for the designer fixtures and fittings.”
Martin Wood, Managing Director of Cathedral Group said: “The Telegraph Works is a historic site, dating back to Tudor England, which was subsequently used to manufacture the first transatlantic telecommunications cables and later a cross-channel petrol pipeline to support the D-Day invasion.
“This joint venture with Weston Homes will allow us to build on Cathedral Group’s reputation for delivering excellent residential-led schemes in the Royal Borough of Greenwich.
“We are delighted to have also been able to support Alcatel Lucent bring forward the refurbishment of their factory on the site as part of the development which will help safeguard their future and ensure their continued presence in the borough.”