KIDBROOKE: £1 billion Kidbrooke Village regeneration project revealed (From News Shopper)

Ferrier Estate will be transformed in £1 billion Kidbrooke Village regeneration project

9:58am Wednesday 16th February 2011 in News By Kelly Smale

The former Ferrier Estate is set to be transformed as part of a £1 billion regeneration project. Reporter KELLY SMALE went down to the site to find out about the new Kidbrooke Village.

CONSTRUCTION of Kidbrooke Village began in September 2009 and will take between 15 to 20 years to complete.

It covers more than 269 acres (109 hectares) and will provide around 4,800 houses and apartments, retail and leisure facilities and park land.

The build is taking place in four phases and is being delivered by Berkeley Homes in partnership with Greenwich Council, the Homes and Communities Agency and Southern Housing Group.

Phase one

City Point is the name of the first phase and will be launched next month.

It includes 220 private studio, one, two and three bedroom apartments over looking Sutcliffe Park as well as affordable housing, which has already been occupied by former residents of the Ferrier Estate.

Prices for a one bedroom apartment will start from £207,500.

Regional sales manager for Berkeley Homes, Bradley Martin, said the village had a “cradle to the grave” approach.

He said: “We are building a village rather than a development. People can be born in to it, live in it and when they get unwell when they are older they can be looked after.”

Mr Martin added: “It’s opening up a whole new area of London that people might not have considered before.”

Phase two

Blackheath Quarter will form the second phase and will include around 140 three and four bedroom family homes as well as 200 one, two and three bedroom apartments.

The properties will overlook the newly created Cator Park and will open next year as construction is set to get underway any day now.

Phase three

Capital Plaza will be the heart of Kidbrooke Village and will be built as part of the third phase within eight to 10 years.

In addition to houses and apartments, it will include a school, healthcare centre, hotel, shops and a supermarket as well as a range of bars and restaurants.

A transport interchange will be built around the existing Kidbrooke station and will provide train and bus links into central London and the surrounding areas.

Phase four

The final phase will be Meridian Gate which will include three storey three and four bedroom family homes with gardens and one, two and three bedroom apartments looking out towards Cator Park and Sutcliffe Park.

Managing director of Berkeley Homes, Paul Vallone, said: “Kidbrooke Village is one of the most significant regeneration schemes to be launched in the capital in the past decade.

“The development will create a vibrant new destination in which people from all backgrounds and areas of London will aspire to live and work.”

He added: “In time Kidbrooke Village will develop into a real community and provide long-term social and economic benefits to the wider area.”

Only 35 per cent of the land is to be developed on, with more than 135 acres (55 hectares) of Kidbrooke Village dedicated to parks and sports facilities.

For more information, call 020 8331 7130 or visit kidbrookevillage.co.uk