Knight Dragon has abandoned plans for a 500,000 sq ft film studio at Greenwich Peninsula, following the news that approval has been granted for another major film studio in Dagenham East. The developer will instead devote the space to more housing space; the number of homes has been increased from 15,730 to 17,487, with the amount of affordable housing increasing from 3,930 units, or 25% of the total housing, to 4,884, or 30%. Knight Dragon said the increase in housing provision was in line with the draft London Plan’s revised requirements for the area. Greenwich Bourough Council is expected to make a decision on the revised masterplan early next year.
Property Week (20/09/2019)