Paynes & Borthwick Wharves

---

Case Study Details

• Client: United House JV with JER Partners
• Contract Duration: November 2011 - Autumn 2013
• Contract Value: £120m
• Contract Form: JCT design and build
• Contract Location: Paynes and Borthwick Wharves, Borthwick Street, London SE8 3JY

---

Images

Click thumbnails to enlarge

---

Description

United House and private equity firm JER Partners have combined forces in a joint venture to deliver the landmark Paynes & Borthwick Wharves site in West Greenwich, London SE8.

The riverside development will provide 257 high specification one, two and three bedroom apartments and 10 live/work units in a landscaped setting with views towards Canary Wharf, Greenwich and the City. Of the apartments at Paynes and Borthwick, 203 units are for private sale and 44 units will be affordable and managed by Hexagon Housing Association.

The mixed-use regeneration scheme will also feature 38,000 sq ft of art gallery, restaurant, commercial and retail space and a total of 150 underground parking spaces.

The development will include a new residential tower rising to 16 storeys and the sympathetic conversion and sensitive restoration of the existing warehouse buildings which will retain their original facades.

The master plan for the project has been agreed by the Boroughs of Lewisham and Greenwich to advance the regeneration of this area of London, which has been designated a Creative Enterprise Zone by the Government.

The first residential units due to be delivered by June 2013. Delivery for the whole project is expected for autumn 2013.

Jeffrey Adams, Group Chief Executive of United House, said: “Paynes & Borthwick is an exciting mixed-use regeneration scheme, which will create a new riverside community in the heart of West Greenwich.

Together with JER Partners we will rejuvenate the area, providing new homes and jobs, to create a vibrant new quarter for London.”

• Download Case Study PDF (2MB)