Knight Dragon seeks buyer for £500m-plus Peninsula Quays scheme
Hong Kong investor Knight Dragon is looking to strike a £500m-plus forward-funding deal for Peninsula Quays, the next phase of its Greenwich Peninsula project, SE10.
The investor has appointed CBRE to seek buyers for the scheme. The 611-home Peninsula Quays site is located next to the O2 Arena and consists of two towers and three mansion blocks.
It is also lining up the sale of a separate 191-home site within the Greenwich Peninsula, understood to be worth around £115m.
Hong Kong investor Knight Dragon is looking to strike a £500m-plus forward-funding deal for Peninsula Quays, the next phase of its Greenwich Peninsula project, SE10.
The investor has appointed CBRE to seek buyers for the scheme. The 611-home Peninsula Quays site is located next to the O2 Arena and consists of two towers and three mansion blocks.
It is also lining up the sale of a separate 191-home site within the Greenwich Peninsula, understood to be worth around £115m.
The development, located in the Upper Riverside neighbourhood, completed in 2020 and is fully let.
It is understood that the circa £115m opportunity is part of a move to introduce more dedicated build-to-rent development to the wider Peninsula scheme.
Detailed plans for the project’s next two residential plots, Meridian Quays and the Tidemill in Lower Riverside, comprise more than 1,100 BTR homes combined.
Detailed proposals are due to be submitted around late March to early April, with approval targeted for September. If plans proceed, work is expected to start in 2024.
The developer gained consent for the £8.4bn Greenwich Peninsula scheme in 2015. In total it will comprise 17,487 homes and 48 acres of open public space.
CBRE and Knight Dragon declined to comment.
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Image © Knight Dragon
