Greenwich Council set to sell industrial estate at Charlton Riverside
A decision is due to be made from Greenwich Council to dispose land at Anchorage Point industrial estate in Charlton. The land is on Charlton Riverside masterplan site with 8,000 homes planned across the wider area.
Anchorage Point lies immediately north of developer Rockwell’s application for 771 homes which was rejected. To the east there are plans for 1,292 homes at Herringham Quarter. Detailed plans 762 homes were submitted in October 2019 by Hyde Housing and covered here.
Anchorage is a relatively modern industrial estate with at least 18 units facing the Thames with access from Anchor and Hope Lane. As a major area of employment, what happens to these businesses remains to be seen.
It houses Greenwich borough’s archive which was closed at short notice last year when it moved from Woolwich’s Royal Arsenal to make way for a Creative Quarter named Woolwich Works. It then reopened with much reduced hours.
Greenwich are apparently not choosing to develop any of the site themselves, either directly or via their housing arm Meridian Homes. If land is sold to a private developer, levels of “affordable” housing will be reduced after a developer takes a customary 20 per cent profit margin – or up to 30 per cent in the case of some such as Berkeley Homes.
Income from Meridian Home sales can cross subsidise social homes, with all income either directly reinvested in low cost housing reducing bills for emergency accommodation or spent on other council services.
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