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Contractor United House and private equity firm JER Partners have teamed up to build a new £120 million mixed-use development in Greenwich.
The landmark Paynes & Borthwick Wharves project will feature 257 luxury one, two and three bedroom apartments in a 16-storey tower block.
A warehouse currently located on the site in west Greenwich will be converted to house a 38,000 sq ft art gallery, a restaurant, commercial and retail space and 150 underground parking spaces.
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."
United House is due to start work on the site imminently, with the first residential units scheduled to be delivered by June 2013. The entire project is expected to be completed by autumn 2013.
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