Leading the way to meet London's acute housing needs
A stalled development for over 10 years on government brownfield land, it was only when Mace, as the principal equity investor, worked through the complex issues through a special purpose joint venture company, that the site was finally unlocked.
Greenwich Square Project summary
Development value
£250m
Key partners
Royal Borough of Greenwich, NHS, Greater London Authority, London Housing Authority (L&Q), Make Architects
Services provided
Property Development, Contracting, Construction management, Project and programme management, Development
Sectors
Regeneration, Residential and student accommodation, Public buildings and estates
Locations
UK and Europe, UK - London and south-east England
Project timeline
- Start date
- 2012
- End date
- Live
Project story
The team brought together the numerous stakeholders involved to channel energy around a common purpose: to create a new community for east Greenwich. Delivering 50% affordable housing, high-quality design has been a key feature of the project.
As co-investor, co-developer and delivery partner for the £250m, three hectare brownfield regeneration scheme, we are creating a vibrant new destination, providing 686 new mixed-tenure homes. The scheme also created a new community hub with facilities including a leisure centre, library, health centre, adult education college and shops, all planned around an attractive town square.
One of the first schemes in the UK to make use of the 'buy now pay later’ land initiatives, the creative social housing model included a pre-sale to L&Q of 314 of the residential units, and a commercial transaction with the Council for the funding and future management of the Greenwich Centre.
Phase 1 - completed
361 residential apartments, maisonettes and town houses completed and occupied
Public square, GP surgery, leisure centre, public library and retail space
Phase 2 - due for completion August 2020
325 residential studios, one, two and three bed apartments (239 private, 86 affordable) - under construction

Project stats
“Already we can see the change the development has brought to the local area and with residents now moved in, the Greenwich Centre open for business and retail units open, there’s a strong sense of community and vibrancy that will only continue to build.”
“My wife and I both travel into central London for work, so having good transport links was a deciding factor when looking for a home and east Greenwich really ticked all our boxes. I really like that Greenwich Square is helping build, and will be at the heart of, a new community.”
“Greenwich Square is a great example of GLA brownfield land being used to build much needed housing of an excellent quality with fantastic public facilities to boost the local community.”
“We had an original vision for this key strategic site to be developed. It’s great to see, now several years on, that work is forging ahead. It’s providing much needed quality new housing and first-class facilities for local residents”