London’s Peabody selects Lendlease for its mega project

London commercial property

Peabody has selected Lendlease as Preferred Bidder for its Thamesmead Waterfront development in southest London.The £8 billion regeneration project spreads on the 250-acre site and includes 11.500 homes, 1m sq ft of new cultural, community and commercial spaces.

“We are pleased to have selected Lendlease as a development partner for Thamesmead Waterfront. Our shared vision is to create thousands of new homes by the Thames and drive the local economy through new jobs and commercial spaces. With a new DLR river connection complementing the Elizabeth Line on the other side of town, Thamesmead would be more connected to the city than ever before. This would unlock enormous potential and could be a real game-changer for this part of London.” said Brendan Sarsfield, Chief Executive at Peabody.

“As one of London’s largest areas of opportunity to develop new housing and to support business and employment growth, Thamesmead can offer a fresh approach to living in London. Surrounded by water and outstanding wildlife, but within reach of the heart of the capital, we are excited at the opportunity to collaborate with Peabody, the local community and businesses, to bring new high-quality homes and workspaces to this exciting part of south-east London.” said Dan Labbad, CEO at Lendlease, Europe.