Property developer Quintain Estates & Development and retail and residential property group Lend Lease Europe have formed a joint venture to continue the development of London's Greenwich peninsular. The joint venture, Peninsular Quays Limited (GQL) will develop 3,000 homes on a 22-acre site.
Property developer Quintain Estates & Development and retail and residential property group Lend Lease Europe have formed a joint venture to continue the development of London's Greenwich peninsular. The joint venture, Peninsular Quays Limited (GQL) will develop 3,000 homes on a 22-acre site.
The companies have formed a second 50-50 joint venture, Greenwich Peninsular Regeneration Limited (GPRL), which will incorporate the original development company Meridian Delta and GQL. The maximum amount each of the companies are obliged to invest in the joint venture is EUR 100 mln, including the funding already raised by Meridian Delta.
