Development Securities’ plans include 220 homes and a Sainsbury’s superstore
Development Securities has secured a resolution to grant planning permission for its £85m regeneration scheme at Abbey Wood in South East London.
The 10-acre Cross Quarter development will include 220 private and affordable homes, an 80-bed hotel and 5,000ft2 of commercial space. There will also be an 81,000ft2 Sainsbury’s food store.
The development is located next to the Abbey Wood train station, which is due to become the South East terminus for Crossrail from 2018.
Development Securities bought a third of the site in May 2011 and at the same time came to a deal with adjoining land owner Gallions Housing to be able to develop the full 10 acres.