Quintain will commence construction of first 500 of 10,000 homes

Quintain will start construction of its £5bn Greenwich Peninsula scheme in the autumn, the developer said in a trading statement this morning.

The developer will begin with its Peninsula Riverside plot, which comprises of the first 500 homes in the 10,000-home scheme and which won detailed planning in March.

Quintain said in March that it would commence the phase this summer.

Max James, Chief Executive of Quintain, said: “Quintain is now well placed to accelerate the delivery of new homes in London into a strong market characterised by an acute shortage of supply.”