8 Biggest Regeneration Projects In London!

Why would you choose to buy, rent, or invest in a regenerating area? Problems must have existed before it could renew. 

That may be the straightforward answer, but if you dig a little deeper, you’ll discover that your purchase or transfer may be advantageous from two angles.

For starters, it indicates that the neighborhood is improving, but for those worried about property prices, it also suggests that there may be a chance for a strong return in the future. 

Investment experts discovered that houses in many areas in London’s surrounding regeneration sites experienced yearly property price rises that were, on average, five percent higher than the national average.

Additionally, homeowners may profit from recent openings and products in the neighborhood as well as an overall improved look and feel if an area is being revitalized. 

Let’s look at some of the biggest regeneration projects in London with the above points in mind.

List of the biggest regeneration projects in London:

  • Meridian Water, Enfield
  • Brent Cross
  • Islington
  • Tower Hamlets
  • Newham
  • Southwark
  • Canada Water
  • Greenwich Peninsula

1. Meridian Water, Enfield

One of the Opportunity Areas allocated for extensive development is the Upper Lee Valley, where Meridian Water is situated in north London. 

In accordance with the 20-year development plan, 10,000 additional dwellings will be built alongside already existing public spaces and a new station. 

Affordable housing will be designated for 40% of these new dwellings.

In addition, it is a major, 20-year regeneration project under Enfield Council’s direction. 

There are chances of 6000 new employment and the addition of 10,000 dwellings to Enfield, next to the lovely Lee Valley Regional Park. 

Contact info:

Email: meridianwater@enfield.gov.uk

Website: https://www.meridianwater.co.uk/

Address: Silver St, Enfield EN1 3XA, United Kingdom.

2. Brent Cross

The Brent Cross Cricklewood initiative, one of the largest regeneration projects in Europe, would see the complete rehabilitation of 151 hectares to build a sustainable new town center for Barnet and North London with significant residential and commercial uses.

There are proposals for 6,700 new houses in this north London neighborhood, which is best known for its shopping center, with funding from Homes England. 

The addition of a new Thameslink station, a major transportation hub that will open in 2022 and provide trains to King’s Cross in 15 minutes, is also expected to revitalize the shopping center.

Contact info:

Tel: 02083592640

Email: TransformingBX@barnet.gov.uk

Website: https://transformingbx.co.uk/

Address: London, United Kingdom.

3. Islington

The Islington council supports the regeneration ambitions of many important portions of the borough, including: 

  • The current planning briefs include Finsbury Park Station renovations
  • More than three hundred new houses
  • 2,000 square feet of leisure, retail, and office space as part of the City North development
  • Greener spaces to promote healthier public activities like walking and cycling 

Contact info:

Tel: 020 7527 2000

Website: https://www.islington.gov.uk/

Address: London, United Kingdom.

4. Tower Hamlets

Tower Hamlets, whose population has doubled since 1990, continues to see significant development and change. 

A regeneration team has been established by the council to carry out the mayor’s vision for the borough’s regeneration as part of a strategic approach to fostering its continued growth. 

The depleted housing stock is being developed and improved as part of numerous projects.

Contact info:

Tel: 020 7364 5000

Email: https://www.towerhamlets.gov.uk/

Address: Tower Hamlets Council, Town Hall, Mulberry Place, 5 Clove Crescent, E14 2BG.

5. Newham

Through regeneration, the Newham borough has experienced some startling price increases. 

Since 2010, average prices have doubled, while data from the ONS indicate that the borough’s overall population has grown quickly. 

In reality, between 2018 and 2028, Newham’s population of households is projected to rise by 10.4%.

Plans to construct new houses, employment hubs, and maritime hubs have recently received approval.

Despite this, real estate remains reasonable, with prices about 26% below the average in London.

Contact info:

Tel: 0208 430 2000

Website: https://www.newham.gov.uk/regeneration-1

Address: London, United Kingdom.

6. Southwark

The Southwark regeneration initiative, which aims to build 11,000 new council homes by 2043, is England’s largest program for doing so. 

A new secondary school and more than 1,500 new dwellings will be built on the site of an old biscuit factory as part of the scheme’s other ambitions. 

The project includes new pedestrian pathways that pass through adjacent railway arches.

Contact info:

Tel: 0800 111 999

Website: https://www.southwark.gov.uk/regeneration

Address: 25-27 Bournemouth Road, Peckham, SE15 4UJ.

7. Canada Water

With plans for a brand-new town center, a variety of cutting-edge public spaces, and up to three thousand new homes for Canada Water, developers British Land are now working on one of the biggest mixed-use regeneration projects in London, covering many acres.

3 million sq. feet of new retail, leisure, and entertainment space are also part of the proposal, which also includes infrastructure for health, education, and social services. 

The expansion of the Jubilee Line by 2029 is also expected to develop the area into a transportation hub.

Contact info:

Tel: 020 7486 4466

Email: info@britishland.com

Website: https://www.britishland.com/

Address: York House, 45 Seymour Street, London, W1H 7LX, United Kingdom.

8. Greenwich Peninsula

There are seven neighborhoods on the Greenwich Peninsula, which is thought to be the greatest regeneration project in Europe, and each of them has significant development plans.

Developers are reportedly investing £8 billion in the region with the goal of building a significant, viable riverside community by 2032.

A significant new shipyard and twenty-five thousand additional houses are planned within the next 20 years, in addition to already built-out infrastructure.

There will be 20,000 new residences and 10,000 new jobs in the Old Kent Road neighborhood.

Additionally, there are plans to turn old warehouses into more homes, where the Royal Arsenal Riverside project of 5,000 new dwellings has revitalized the neighborhood.

Contact info:

Tel: 0203 713 6153

Email: hello@greenwichpeninsula.co.uk

Website: https://www.greenwichpeninsula.co.uk/