St Modwen and Notting Hill Genesis received planning approval for Woolwich Exchange regeneration project. Credit: St Modwen Properties PLC.

The £400m Woolwich Exchange regeneration scheme, being developed by a partnership of St. Modwen and Notting Hill Genesis, has secured planning consent from Royal Borough of Greenwich council in London, the UK.

This proposal will feature transformation of the Grade II-listed former covered market in Woolwich, SE18, into cafés, bars, restaurants and a new five-screen Picturehouse cinema.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The project will consist of 801 homes designed for flexible living, with space to live and work at home.

This regeneration scheme will see 158 homes being offered as affordable tenures, out of which 56 homes will be family sized.

It will also feature new green, public spaces and new community facilities such as a nursery, children’s play areas and workspaces.

See Also:

Most of the historic buildings on Woolwich New Road will be preserved and enhanced.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Additionally, the historic former covered market on Plumstead Road will be retained.

Picturehouse Cinemas plans to open Woolwich’s first cinema in a generation following the closure of the Coronet in 1999.

St. Modwen senior development manager Gary Morris said: “Woolwich Exchange is an ambitious regeneration that will transform this part of the town centre, while also respecting the area’s rich heritage. Adding a new cinema within the historic covered market building is going to be a spectacular addition to the area.”

The project is expected to create more than 600 temporary jobs during the construction phase and approximately 200 permanent jobs.

Construction work on the scheme is expected to begin in 2023.

———————————————————————————————————————

St. Modwen and Notting Hill Genesis secured planning approval for Woolwich Exchange regeneration project in London. Credit: St. Modwen Properties PLC.