Plans for 1,200 Greenwich homes withdrawn

Developer London Square has withdrawn plans to build more than 1,200 homes around the Ikea store in Greenwich due to "spiralling costs" of construction and building materials. The scheme, called Peninsula Gardens, would have added 1,290 new homes to the east Greenwich area. The site's B&Q store would have been demolished and the Ikea car park reduced by more than 200 spaces. London Square said it was reviewing the viability of the development and may submit a revised application in the future. Nearly a quarter of the homes would have been for London Affordable Rent. 

Evening Standard (09/06/2023)