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Home , Beresford Square, Powis Street, Royal Arsenal, Severndroog Castle, Woolwich, Woolwich Arsenal station

Woolwich and the regeneration effect 2–3

Woolwich Equitable

Famous Bhurtpoor historic cannon, on display outside Woolwich Barracks, Woolwich Barracks gates Woolwich 4–5 London SE18

Coat of Arms of the Metropolitan Welcome to Woolwich Borough of Woolwich

The regeneration of Woolwich and Royal Riverside district is one of the most exciting projects this generation will witness. Developing this previously under-loved and unappreciated area of London will create a whole new vibrant destination.

With Crossrail, a new Woolwich is being The dramatic redevelopment of Royal Creating London’s newest cultural hub generated, and is set to become one of Arsenal Riverside has created a public Woolwich Tall Ships Festival London’s most sought after cultural hubs. square and heritage centre, improvements to Woolwich is establishing itself as a cultural Like all of London, Woolwich’s history is one the and a new park. Over the and creative hub. In the new Cultural of change and development, closely next 12 years, High Street and Spray Street Quarter (due to open in December 2018 to associated with the Royal and will be revitalised with pedestrianised areas coincide with Crossrail) Dash Arts will Engineering Corps. In Woolwich’s and parks as well as new retail and become the resident artistic and acting dockyards, Henry VIIIs flagship and later commercial spaces. group, while younger generations of dancers Charles Darwin’s Beagle were built. After the and actors are created at the Academy of closure of the docks, Woolwich was Woolwich’s transport infrastructure will Performing Arts. dominated by the Royal Military Academy, be boosted in 2018 by the opening of the Ordinance and Artillery Barracks. Crossrail/Elizabeth Line station within Woolwich is developing a reputation as a the Riverside development. foodie hotspot with a vast variety of drinking In total, Woolwich boasts over 60 of This will bring within seven and dining choices. Woolwich’s four new ’s listed buildings, many of which minutes and the City within 20 minutes (Dial Arch, The Guardhouse, Equitable are triumphs of Edwardian Baroque and of Woolwich. and the Taproom) are accompanied by . The majority of these cafes, new restaurants and a street food buildings form part of the Royal Arsenal area, British Land and Estate festival. With the addition of a new 450 seat and are at the centre of the Royal Arsenal theatre, Woolwich offers food, drink and Riverside development. In February 2018, British Land acquired the entertainment for every taste. Coat of Arms of the Regiment 4.9 acre Woolwich Estate for £103 million Twenty years ago, much of the Woolwich which covers much of the high street and The transformation of Woolwich is about riverside area was derelict, brownfield land. town centre retail spaces. The estate creating spaces and places for people, Since then the area has undergone a huge includes over 50,000 sq ft of residential and as much as creating homes and cultural physical transformation. Modern apartment 3,000 sq ft of office space. British Land are venues. When the transformation of and retail areas mix with restored and experts in placemaking, in sustainable Woolwich is complete, Spray Street will be refurbished Georgian buildings. Amongst development and in creating retail, converted into a pedestrian quarter. these are gastropubs, cafes, restaurants, residential and commercial environments Described as the ‘beating heart of Woolwich’, paved squares and landscaped gardens. which meets the needs of the whole this area will house 650 new homes, community. offices, shops, cafes, a cinema and public Starting with the development and spaces. At the same time, Love Lane and regeneration of the 88 acre Royal Arsenal British Land’s purchase of this estate means Thomas Street will feature a pocket park, and Barracks, Woolwich is being renewed that regeneration will now stretch into the cafes and bars. Gordon Square, which and redeveloped from a former military town very heart of Woolwich, bringing further currently features Woolwich’s ‘Big Screen’, to a cultural hub. Within this vibrant residential, retail and community spaces. will be further developed to include a brand development, new restaurants, pubs, British Land have worked together with new leisure centre. theatres, performance and artistic spaces are Crossrail to help areas benefit fully from the turning Woolwich into a town with a strong arrival of the Elizabeth Line. These dining and cultural destinations evening and weekend life. Amongst the will further enhance Woolwich’s cultural Heritage Listed barracks, foundries, The acquisition will transform the town centre credentials, which already include the laboratories and warehouses of the Arsenal and high street, providing mixed-use retail, annual Tall Ships festival, an international some of the most exciting, innovative commercial and residential spaces, which in film festival, a food festival and the residential buildings are emerging. turn will create a thriving retail centre for a Greenwich+Woolwich Festival of the Moon. well-connected, regenerating part of London.

Cover images: Clockwise from top left: Royal Brass Foundry Building, , Performers at the Woolwich Tall Ships Festival , Totally Thames festival, from Callis Yard. Woolwich 6–7 London SE18

Woolwich: eat, sleep and play

Ea t Woolwich Drink Woolwich Experience Woolwich Creative Woolwich

The Guardhouse Dial Arch Greenwich Heritage Centre Creative District Housed within a heritage listed building, The Set in the unique surroundings of this Housed in the old ordnance and store Housed within the former Royal Military Guardhouse is Woolwich’s new village pub. beautiful historic building, Dial Arch offers at the historic Royal Arsenal, the museum Academy and the Old Laboratory From luxurious leather seats beside a fire to an extensive selection of cask ales and tells stories about the Royal Borough through is the Royal Arsenal Riverside Creative outdoor dining and a menu of cocktails, ales wines. It is also a destination for after work objects, paintings, prints, drawings, maps, District. In addition to performance spaces, and wines, this is a pub for all seasons. dining or a Sunday lunch, with a delicious photographs and deeds. rehearsal rooms and a theatre, this district menu focused on fresh, seasonal British features a performing arts academy and Woolwich’s Indoor Market food and pub classics. Woolwich Centre eclectic theatre group ‘Dash Arts’. Woolwich’s Indoor Market is home to Street Designed by HLM Architects, The Woolwich Feast, a celebration of the best British Drury Lane Tea and Coffee Centre is a new civic complex comprising Raw Studio and international street food. Accompanied Drury is a family owned and run business approximately 250,000m² accommodation. Founded by designer Nick Rawcliffe, by live music, diners can taste food and was one of the very first British Within the centre are a local service centre, Raw Studio is an interior design hub. Within ranging from burgers to dumplings, pizza companies to roast coffee for espresso business centre, community gallery and is displayed the playfully conceived, bespoke to ice cream, while sipping on handcrafted use and was thus at the very heart of the cafe, public library and modern office furniture which has been shown at the wine and gin. ‘frothy coffee’ revolution of the 50s. Today, accommodation. Victoria and Albert Museum, London Design Drury offers 16 different espresso coffees Festival and Chelsea Flower Show as well as Farmers’ Market and 120 different teas. Royal Arsenal Gardens international shows in Moscow and Milan. On the second Saturday and last Saturday Within the Royal Arsenal Riverside of every month, Royal Arsenal Riverside Hop Stuff Brewery and The Taproom development is Royal Arsenal Gardens, Thames-Side Studios hosts its very own Farmers’ Market, Hop Stuff is Royal Arsenal Riverside's own located alongside the Thames Path, the Housed within the Woolwich Carriageworks located within Building 10, which craft brewery. Founded on the principle gardens offer a skate park, as well as a building, Thames-Side Studios is a provider Clockwise from top: Royal Arsenal provides quality locally sourced artisan that ‘craft beer ought to be for everyone’, conservation meadow with wild flowers of affordable studio spaces for artists, Gardens; Greenwich Heritage Centre, food for residents and visitors. Traders it is all about removing the barriers to craft and stone sculptures. makers and designers. Woolwich; The Dial Arch pub. range from bakers and greengrocers to beer without removing the quality. As well Woolwich Foot Tunnel cheesemongers and florists. as seasonal, sippable lagers and ales, The Parks Taproom offers pub favourites including Within a few minutes walk of the Royal

Boulangerie Jade sourdough pizza, buffalo wings, live music Arsenal Riverside district are the Thames Thames Path Road ugh As well as an extensive and exciting and good times. Walk, St Mary’s Gardens, Maribor Park, boro Marl brunch menu, Royal Arsenal Riverside’s Wellington Park and General Gordon Square. The Waterside Club artisan bakers boasts a variety of freshly Woolwich Equitable General Gordon Square is home to the Con Gusto Woolwich Greenwich baked Artisan breads, viennoiserie, cakes, Situated inside the Equitable Building Woolwich Big Screen, on which cinema, Ferry Centre Thames Path Heritage Centre Waterfront d tarts as well as savouries. Society premises, Equitable is Antic sports, concerts and the opera are shown. King Henry's Roa Dock (5mins) Leisure Centre The Creative gan Royal Arsenal District Cado London’s latest pub. Inside, you will be Gardens Thames Side Studios (6mins) Con Gusto greeted by an exciting mix of grand marble, A short bus or DLR journey from Woolwich Raw Studio (7 mins) Academy of Con Gusto is housed in the Grade II vintage décor and quirky design features are (home to the Royal igh Street Performing Arts Old Laboratory ch H olwi Office Wo listed former guardhouse, originally built inspired by the building’s original function. Observatory and National Maritime B Maribor A206 er Park Wellington in 1815. This restaurant provides trendy On tap, locally brewed beer and ale from Museum) and (home to Ha e Park sf Thinker/Doer r e o Duk dining in the unique and historic Hopstuff Brewery accompany regional ). r e o S Myrtle Alley d f W t el r St ling surroundings of No.1 Street, making the beers, fine wine and spirits. e Boulangerie on A e re ve t Better Gym Jade nu Po Creton St. e e Drury Lane Tea most of the riverside views. w t Dial Arch St Mary’s is S and Coffee tre Gardens et The Taproom The Yoga Space 7R Royal

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Callis Yard

Dial Arch

Woolwich Equitable

Woolwich Town Hall, a Grade II listed example of the rare Edwardian Baroque style. Woolwich from the air Woolwich 10–11 London SE18

Regeneration and placemaking premium Housing market

From the famous transformations of Covent Garden, Southbank and Kings Cross, Since the announcement of Crossrail in Woolwich, regeneration has always been an important part of the ever-evolving London house prices increased from £186,407 in 2010 to landscape. Regeneration can take many forms; from the simple rejuvenation of a £316,473 in 2017. In comparison with Greenwich, rundown area, through to an effective remodel of the underlying fabric by Woolwich remains very affordable. addressing the deeper social and economic environment.

Greenwich is undergoing substantial SE18, the district which includes Woolwich, Woolwich: Key Facts Whatever form it takes, regeneration Placemaking is also hugely important in House price uplift from regeneration regeneration. Since the announcement of shows average apartment prices in 2017 works to greatly improve the quality of ensuring the maximum benefit occurs from the Crossrail route, 15 schemes have of £316,000. This is considerably below the Average apartment price: life for an areas residents and transforms regeneration. This multi-faceted approach completed, delivering 2,600 units. There are average for the Borough of Greenwich of it into a more desirable place to live. Our to design brings all elements of a currently eight schemes under construction, £359,800 and the average of £316,000 research shows this can have a marked development together in a cohesive and 4.7% pa which are due to deliver 2,000 homes. £361,129 or Tower Hamlets, across the impact on local property markets, with diverse environment. Placemaking ensures Looking forward, there are 12 schemes in Thames from Woolwich, which averaged Forecast five year house house prices around regeneration zones an area has the appropriate amount and planning, which should add a further 3,000 £466,486 in 2017. price growth: increasing by 4.7% per annum over and type of residential, retail, education, leisure, Price premium for a scheme units to the Woolwich stock. above wider house price growth. work space, restaurants, open space, with effective placemaking The regeneration of Woolwich has also had 15% transport, exhibition and community space. This regeneration is showing up in house a positive effect on house price forecasts. Effective placemaking clearly benefits an prices. Over the past five years, SE18 While house prices in Greenwich are lower area and this impacts property prices. Our apartment prices have risen by 71%. than those in surrounding boroughs, house Total schemes in planning: research shows that effective placemaking 10% prices are expected to grow at a faster ( ) can add 10% to property prices compared pace (15.1%) than Lewisham (13.2%) and 12 2,914 units with the wider area. London (13.8%) over the next five years. Total schemes under construction: 8 (1,999 units)

Average apartment prices across London, 2017

< £250,000 £250,000 – £280,000 £280,000 – £310,000 £310,000 – £340,000 £340,000 – £370,000 £370,000 – £400,000 £400,000 – £430,000 £430,000 – £460,000 £460,000 – £490,000 > £490,000 Woolwich Callis Yard Canary Wharf Station Liverpool St Station

2,000m

Royal Brass Foundry Source: Land Registry Woolwich 12–13 London SE18

Crossrail: driving the regeneration of Woolwich

Long before Crossrail, Woolwich At the heart of Woolwich’s regeneration is Elizabeth Line was a connected area, with the Woolwich Elizabeth Line station, part of Crossrail, the largest infrastructure project the famous foot tunnel and Brentwood Shenfield in Western . Opening in late 2018, 51min ferry connecting North and Crossrail will provide 12 services an hour, Gidea Park46min

connecting the district with the City, Bond , while the City Reading 39min Street, Heathrow and Reading. 76min was linked by the DLR and 42min Maidenhead mainline railway. With the London is still the capital for global business 63min 32min Twyford70min coming of Crossrail, however, and Woolwich places you within easy reach 28min 36min Burnham Manor Park Woolwich is placed within of London’s employment hubs. 57min Goodmayes Taplow 30min 60min 23min minutes of the global business Langley Maryland Illford Once Crossrail opens, Canary Wharf, for 50min 25min 18min and employment hubs of the Slough example, with its global businesses, fine 53min City and Canary Wharf. bars, cafés, restaurants and over 200 fashion Iver 45min 20min stores, will be located just seven minutes 48min Broadway 33min 25min Bond Street 21min Court Road 19min Farringdon 16min Liverpool Street 14min 11min Acton Mainline 32min 39min 39min 37min Hayes & Harlington 42min Stratford away. With Bond Street just 21 minutes and 16min the City 14 minutes away. Woolwich is just a short journey from the financial and cultural heart of London.

Heathrow Currently, Woolwich Arsenal DLR Station 48min 7min offers quick and easy access not just to Woolwich an Canary Wharf destinations but to Central it n t ol r 4min London and beyond. From here, Stratford al c e tr e ri adilly t R zabeth International is 25 minutes, and Bank is vergroundakerloo is L ubilee etrop orth ictoria li Cen O B Circl D D HammersmithJ &M City N Picc V E Custom House 4min 27 minutes.

National and International travel is also minutes away. From Woolwich Arsenal, City Airport is six minutes away. Upon the arrival of Crossrail, St Pancras will be just 20 minutes, Paddington Station 25 minutes and Heathrow 48 minutes away.

Woolwich: A wealth of £1.5bn 5,000 opportunity A NEW 21 mins NEW RESIDENTS mins mins INVESTMENT 14 7 CULTURAL FARMERS BOND LIVERPOOL CANARY QUARTER MARKET STREET STREET WHARF

NEW STREET NEW THEATRE 12 PUBS AND FOOD + REHEARSAL TRAINS BREWERY FESTIVAL PER HOUR SPACES 14–15

Woolwich car ferry

Exterior of an building, Woolwich The Art Deco exterior of Woolwich Arsenal Railway Station

General Gordon Park, home to the Woolwich Big Screen No. 1 Street, Royal Arsenal Riverside Contacts: Jennet Siebrits James Bearryman Head of Residential Research Director +44 20 7182 2066 +44 2075195917 [email protected] [email protected]

David Chapman Susannah Middleton Analyst Consultant +44 20 7182 8047 +44 207 519 5923 [email protected] [email protected]

Photography: Front Cover clockwise from top left: © Cath Harries / Alamy Stock Photo, © Rebecca Erol / Alamy Stock Photo, © Charlotte Steeples Photography / Alamy Stock Photo. © Guy Corbishley / Alamy Stock Photo. P2 top: © Justin Kase zsixz / Alamy Stock Photo. P3 © Peter Noyce GBR / Alamy Stock Photo. P4 top right: © David Mbiyu / Shutterstock.com, P4 middle right: © Alexandra King / Shutterstock.com, P4 bottom: © DJ Cockburn / Shutterstock.com. P7 top: © Rebecca Erol / Alamy Stock Photo. P7 bottom right: © Eden Breitz / Alamy Stock Photo. P7 bottom left: © Maurice Savage / Alamy Stock Photo. P8: © Maurice Savage / Alamy Stock Photo. P9 top left: © Greta Gabaglio / Shutterstock.com. P9 middle right: © Eden Breitz / Alamy Stock Photo. P9 middle left: © Maurice Savage / Alamy Stock Photo. P9 bottom: © Commission Air / Alamy Stock Photo. P10: © CandyAppleRed Images / Alamy Stock Photo. P14 top: © Rebecca Erol / Alamy Stock Photo. P14 middle left: © Cath Harries / Alamy Stock Photo. P14 middle right: © Eden Breitz / Alamy Stock Photo. P14 bottom: © Simon Turner / Alamy Stock Photo. P15 Eden Breitz / Alamy Stock Photo.

Sources: CBRE Research, Land Registry, DCLG, Berkley Group, Greenwich Council, RARE, British Land, Housing

Disclaimer 2018 CBRE CBRE Limited confirms that information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt their accuracy, we have not verified them and make no guarantee, warranty or representation about them. It is your responsibility to confirm independently their accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. Images provided are computer generated. All travel times taken from TFL. © 2018 CBRE Ltd.