Greenwich council has formally adopted a masterplan that it hopes will regenerate the Charlton Riverside area in south east London.

The council said Charlton Riverside was one of the largest brownfield development opportunities in London. The existing 302-acre site, which adjoins the Thames, features what it called “a complex mix of existing uses and economic activity”.

Due to its size and complexity the council recognised the size required a Supplementary Planning Document (SPD) in order to provide guidance for the future location, character and scale of any new development on the site.

The project, which has been the subject of consultation, could lead to the creation of more than 4,000 new jobs and in excess of 7,000 new homes in the course of the next 15 to 20 years.

Councillor Danny Thorpe, Deputy Leader and Cabinet Member for Regeneration and Sustainability, said: “We want to see a vibrant, mixed-use urban quarter on Charlton Riverside, with new homes, jobs, schools and community opportunities, linking seamlessly through to the main area of Woolwich and integrated with the wider Charlton area.

“The SPD isn’t an instant ‘fix’. However the Masterplan sets out our long term vision of how we want to get there, and sets out the planning framework for how that can be achieved.”

Any future housing developments will need to meet requirements to be low to medium rise –between three to six storeys – and up to a maximum of 10 storeys along the riverfront and near to Charlton station. The SPD maintains protection of the aggregate wharves and industrial land in the north-west corner of the Charlton Riverside site - an important source of jobs locally.

The development will be supported by infrastructure improvements, including a new major east-west road link, extending Bugsby’s Way in Charlton, plus a new primary school and two new through-schools.