Research on two large regeneration schemes in London and one Essay

Research on two large regeneration schemes in London and one regeneration in Slough town centre, Berkshire - Essay Example (Greenwich council, 2007) The plain to project to regenerate the Greenwich peninsula is being led by the Greenwich council, the planning of the project was done by Meridian Delta Ltd and submitted to the council who approved the master plan, which will cost a staggering 5 billion sterling pounds and it is estimated to take 15 years before it is completed. (Greenwich council, 2007) The Greenwich council, granted the permission of regenerating the Greenwich peninsula to a group of consortium named Meridian Delta Ltd, the Anschutz Entertainment group and the national regeneration agency. The group is supposed build the proposed regeneration project of the area which will include; building new nursery, primary and secondary schools, Building modern health facility, improving the transport system, which will improve the employment opportunities of the local community. (Greenwich council, 2007) Anschutz entertainment group: one of the global leader in the sports and entertainment presenters in the world. The management owns and control many international famous and best venues, arenas and sports franchises. Meridian delta limited: this is a joint venture company which comprises of Lend Lease and the Quintain Estates & Development Plc, which was formed to specifically lead the regeneration of Greenwich Peninsula Quintain Estates and Development Plc: this is a major Britain development and property investment company that specializes in redevelopment, property acquisition and asset management in many property sectors. (Greenwich council, 2007) At present the Greenwich peninsula is considered as a derelict and contaminated. There is no any meaningful development. As Cllr. Chris Roberts of Greenwich council state, â€Å"the council is building a new community on peninsula, land that used to be derelict and contaminated† The Greenwich peninsula comprising of 300 acre is physically secluded land with gasworks which are in derelict and contaminated. In 1996 a