Green light for £85m Cross Quarter regeneration scheme

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.