On the other side of London, developer Berkeley is contributing £100 million to the Crossrail station project at Woolwich and has announced that another 3,700 new homes are to be built over the next decade at its Royal Arsenal riverside estate.
Last month, the developer handed over a station “box” in preparation for the arrival of new machines that will dig twin-bore tunnels under the Thames. Equivalent in size to 32 Olympic swimming pools, the scale of the new station box is evidence of how significant the Crossrail terminus will be — “a game changer for the area”, according to Andrew Wolstenholme, Crossrail chief executive.
When the station opens in 2018, up to 12 trains per hour will link south-east London with Canary Wharf, the West End and Heathrow.
A scheme of 592 flats will be built above the station box. Currently for sale are apartments at The Warehouse, prices from £315,000, and Foundry House, a restored listed building that once formed the entry to the main S hell Foundry at the former armaments factory. Duplex apartments ranging up to 1,567 sq ft are priced from £475,000.