Kier selected for Greenwich residential project
Construction firm Kier has been selected as the preferred bidder for a new residential tower at Greenwich Peninsula by developer Knight Dragon.The £50 million development, which forms part of one of the largest regeneration schemes in Europe, will involve the design and construction of 224 luxury apartments arranged in four blocks, anchored by a 24-storey tower.Chris Dyer, Kier pre-construction director, said: "This particular scheme is 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."Over 160 acres of residential, business and leisure space will be created, with nearly two miles of river frontage. More than 60 new development plots will be created by Knight Dragon in this area of London by 2039, and the scheme will deliver over 10,000 new homes for up to 23,000 residents.Around 3,270 of the residential properties will be affordable homes for rent or part-rent, while 600 student beds and 3.5 million sq ft of commercial floorspace will also be provided.Construction work has already begun on the southern quarter of the site, Peninsula Riverside I, which is set to deliver 704 new homes by the end of 2015.The £5 billion project is part of the mayor of London's plans to release surplus public land to help meet the capital's housing requirements, drive investment and boost jobs in construction.A number of businesses are already operating in the area, while there is an established community at Greenwich Millennium Village that continues to expand.Knight Dragon Developments' head of project management Paul Symons described the selection of Kier as "yet another milestone in the landmark Greenwich Peninsula scheme".He added that Kier, along with the other contractors, has the necessary expertise to deliver Knight Dragon's overall vision for the project.
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