Morden Wharf planning decision

8 September 2021

U and I Group PLC

Morden Wharf planning decision

U+I (LSE:UAI), the specialist regeneration developer, today announces that Greenwich Planning Committee has resolved to grant planning permission at Morden Wharf, U+I and Morden College's £770 million Gross Development Value (GDV) project on the Greenwich Peninsular in London. This is a significant milestone for U+I and adds a third planning success to the detailed consents granted previously to two other core regeneration schemes at Landmark Court and Phase 1 at Mayfield.

Set over nineteen acres, once completed, Morden Wharf will deliver up to 1,500 new homes (including 35% affordable), 200,000 sq.ft. of warehousing and creative industry space, 50,000 sq.ft. of retail and convenience space, a brewery and more than six acres of high quality public realm, including a four acre landscaped park along the River Thames.

Richard Upton, Chief Executive Officer at U+I, commented: 

"We are delighted with the planning decision at Morden Wharf, providing a blueprint to deliver a distinctive mixed-use neighbourhood opening up 275 metres of Thames riverfront. This includes much needed new homes, innovative office and creative space, as well as beautiful green landscape and community space. Our scheme will support thousands of new jobs and deliver £42 million of benefit to the local community each year."

ENDS

For further information, please contact: 

U+I

Nicola Krafft

+44 (0) 20 7828 4777

[email protected]

Camarco (Financial PR Adviser)

Geoffrey Pelham-Lane / Tom Huddart

+44 (0)20 3757 4985 / 4991

[email protected] 

LEI number: 213800HTEQQEIOGR5A58

About U+I

U+I are experts in mixed-use regeneration and specialists in Public Private Partnership (PPP).

We use our creative, entrepreneurial and master developer knowledge to created thriving mixed-use places in the London City Region (within one hour's commute from Central London), Manchester and Dublin. We exist to create long-term socio-economic benefit for the communities in which we work and deliver sustainable returns to our shareholders.

To find out more, visit www.uandiplc.com or follow us @uandiplc