Woolwich Exchange

View of the reimagined woolwich new road 1

The proposals

Woolwich Exchange is the proposed regeneration of the land around the former Woolwich covered market between Plumstead Road and Spray Street. The scheme is being delivered by a joint venture led by Notting Hill Genesis.

The proposed scheme will deliver 801 new high-quality, multi tenure homes in a range of sizes, including 158 Affordable homes. The regeneration will provide new facilities for businesses and other leisure and community uses such as a gym and children's nursery.

Key elements of the new development include:

Repurposing the former Woolwich covered market

New community and leisure facilities, including a new five screen cinema, set within the reimagined Grade II listed former covered market.

New public square

A new public square in the centre of the site will be accessible to all and has been designed to allow a variety of uses.

Sustainable development

The development has been designed to be sustainable; it is close to the forthcoming Elizabeth line, will benefit from new green spaces, and will use a low-temperature district energy network, which will keep carbon emissions low.

Heritage protection

The development will respect the area's heritage. As well as the repurposing of the former Woolwich covered market, Woolwich Exchange will restore and refurbish core elements of the historic buildings on Woolwich New Road.

To find out more about the scheme, please visit the developer's dedicated website.

To deliver the scheme, a significant land assembly exercise is required. The council is considering supporting this process by using its compulsory purchase powers. A public inquiry was held in early 2023. The inspector appointed to chair it confirmed the Compulsory Purchase Order (CPO) on 12 July 2023.

A key part of this process includes supporting on-site businesses, residents and community groups to relocate to alternative properties, plus keeping all affected parties updated on progress.

The documents on this page provide further information about both the Compulsory Purchase Order (CPO) process and the relocation support available.

Translations and other formats

The Council can provide documents in other languages, large type and in Braille. We can also provide interpreters if you need to contact us over the telephone, attend an appointment or event. Please email info@newsteer.co.uk to request help.

Compulsory Purchase Order (CPO)

The Council received notice on 12 July 2023 that the Inspector appointed to chair the public inquiry in respect of the Woolwich Exchange Compulsory Purchase Order (CPO) has confirmed the CPO without modifications.

The Council is pleased that its case for the CPO has been supported which will allow the redevelopment to progress. All directly affected parties have been formally notified of the decision.

Read the Woolwich Exchange Compulsory Purchase Order (CPO) decision.

If any party wishes to discuss the matter further, please contact the Council's consultants, Newsteer, using the contact details given on page 6 of the CPO Frequently Asked Questions (FAQs) or email, info@newsteer.co.uk.

The purpose of this document is to justify and clearly set out the reasons for making the Order, and to respond to the Objections which have been received to the Order.

The document was submitted to the Secretary of State for Levelling Up, Housing and Communities for confirmation.