Lendlease confirmed for £8bn ‘Clockwork Orange’ estate revamp

Lendlease has signed an £8bn deal with housing association Peabody to undertake the £8bn development of Thamesmead Waterfront, in what will be one of the biggest regeneration projects in Europe.The scheme will see the construction of 11,500 homes on the banks of the Thames in south east London, where the film A Clockwork Orange was filmed in 1970.The two organisations have formed a 50:50 joint venture company to work together on the planning and delivery of the scheme.The company will work alongside the community to revitalise the existing Thamesmead town centre, creating new cultural, community and commercial space, along with the new homes.The site, which Lendlease said was “undeveloped and underpopulated” includes 2.5km of river frontage, as well as green space and two lakes. A new cross-river extension of the Docklands Light Railway to Thamesmead was “critical” to unlocking the full ambition of the 250-acre development, Lendlease said.