Galliard Homes' JV Partnership Acquires Morden Wharf
Leading residential and mixed-use developer Galliard Homes, along with its Singapore-based joint venture (JV) partner City Developments Limited (CDL), have completed the acquisition of the 13.8-acre Morden Wharf development in the Royal Borough of Greenwich.
The JV partnership has acquired the site from LandsecU+I and the Morden College charity. Hybrid planning permission for a residential-led mixed-use scheme had been secured in September 2022. The proposed development will comprise 12 blocks, up to 36 storeys, delivering around 1,500 new residential units, offering residents stunning 360° views that overlook iconic landmarks such as the River Thames, Canary Wharf, and The Old Royal Naval College in Greenwich.
The Morden Wharf development will include c. 186,000 square feet (sq ft) of commercial floor space, which can accommodate logistics, industrial, and flexible creative workspace units. The site will feature 50,000 sq ft of retail, restaurant, community, and convenience spaces, fostering a vibrant and well-rounded community atmosphere.
Notably, the development boasts a 275-metre riverside frontage with an enhanced Thames Path, and a unique 3.9-acre riverside park, ensuring ample green spaces for residents and visitors. A riverside pier will provide access to the new Uber Boat by Thames Clippers service, further enhancing transportation options in the area.
This acquisition marks the first partnership between Galliard Homes and CDL, bringing together two leading developers with over 90 years of combined experience and strong expertise in delivering sustainable developments within which communities can flourish and grow.
Stephen Conway, Executive Chairman at Galliard Homes, says: "Galliard Homes is delighted to announce our partnership with CDL, to provide much-needed homes within Greenwich. CDL's worldwide reputation as an industry leader, marked by their commitment to delivering first-class development across numerous asset classes, aligns with our values. We hope this will be the first of many more future projects together. We thank LandsecU+I and Morden College for their active support and collaboration. We look forward to turning their exciting plans into a new landmark scheme for London”.
Mike Hood, CEO of LandsecU+I says: “We’re proud of the transformational masterplan at Morden Wharf in collaboration with Morden College to create a whole new Greenwich quarter with homes, jobs and a Thameside park. Following the receipt of planning consent last year, our focus has been to raise vital funds for the charity’s work across the borough. We intended to find a specialist partner to begin to deliver the consented scheme, and through Galliard Homes, we have done that. We will continue our strategy to invest in our mixed-use urban regeneration pipeline over the next five years to realise our ambitions.”
Meryl Davies, CEO of Morden College Charity, says: “Morden College is pleased that the sale of Morden Wharf will regenerate another area of South East London, expanding the community that lives to the east of Greenwich town centre. Our Founder, Sir John Morden, bequeathed the land to the Charity over 300 years ago so that Morden College would be able to care for and support older people who are in need in perpetuity. This sale enables us to continue to work towards that goal.”
Alan Selby, UK Chairman of Residential Land at CBRE and Alexander Gillington, Partner at Gerald Eve, who acted for the Vendors LandsecU+I and the trustees of Morden College said “We are delighted to have been involved in this major transaction for London’s land market and the disposal of the site to Galliard Homes. We look forward to seeing Morden Wharf become one of London’s landmark regeneration schemes.”