CK Asset's River Thames project gets go-ahead

Top News | Kevin Xu 10 Jul 2020

Britain has green-lighted Hong Kong-based CK Asset's Convoys Wharf, a mega residential and commercial project located by London's River Thames, according to reports.

Once completed, Convoys Wharf will provide up to 3,500 new homes, including 525 affordable units.

The site will provide 362,743 square feet of public open space and 166,840 sq ft of new business space, as well as primary schools, health-care facilities, shops, restaurants and cafes.

The development will link to the existing High Street and historic town center of Deptford.

The site is divided into 22 separate plots and will be developed in three phases. The Lewisham Council approved plans for Plot 15, Plot 08 and Plot 22 in the first phase last month.

Plot 15 is located south of the listed Olympia Building, north of the Deptford High Street Conservation Area and within the Evelyn Quarter.

Plot 15 consists of 124 affordable homes, the majority being rental homes - including two, three and four-bedroom homes with family play areas.

Plot 08 will provide 456 new homes, with space for up to 20 businesses, including cafes, restaurants and shops.

Plot 22 comprises over an acre of publicly accessible open space on the restored jetty on the Thames, including a flexible-use building and river bus pontoon to connect with the Thames Clipper network.

Convoys Wharf is now a brownfield site measuring 1.78 million sq ft.

The redevelopment of Convoys Wharf will create over 2,000 full-time jobs and 1,200 construction jobs, said Hutchison Property.

In 2005, Cheung Kong Holdings and Hutchison Whampoa entered into an agreement to purchase the site from News International for 100 million (HK$1.45 billion).

In 2014, Boris Johnson, then the mayor of London, approved the redevelopment of Convoys Wharf.

Formerly called the King's Yard, Convoys Wharf was first developed in the 16th century by Henry VIII to build vessels for the Royal Navy.

Due to that historical and cultural significance, the development has faced some opposition from local campaign groups.

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