Re: Greenwich Peninsula

Quintain Estates & Development PLC
29 September 2006

29 September 2006



QUINTAIN ESTATES AND DEVELOPMENT PLC ('Quintain')



Meridian Delta Limited signs first Greenwich Peninsula residential development
deal



Quintain Estates and Development PLC (LSE: QED) today announces that Meridian
Delta Ltd ('MDL') has selected Bellway Homes, one of the UK's top five
housebuilders, as the first residential developer to build apartments at
Greenwich Peninsula, one of the largest regeneration projects in London.





MDL, a joint venture between Lend Lease and Quintain, is leading the £5 billion
regeneration of the Greenwich Peninsula which, on completion, will be a
riverside community of 10,000 new homes, offices, shops, schools, community
facilities and will include a new park.  MDL are working in partnership with
English Partnerships, the Government's national regeneration agency.





Bellway Homes will deliver 229 riverside apartments on the southern part of the
site. These homes represent the first residential phase in the development of 80
hectares of Greenwich Peninsula over the next 15 years. Overlooking the Thames,
the apartments will be adjacent to Greenwich Millennium Village and in close
proximity to the retail and community facilities already on the Peninsula. A mix
of private for sale and affordable apartments is planned, including two storey
duplexes targeting families.



Stock Woolstencroft and landscape architects Whitelaw + Turkington have been
appointed to work on the project. Subject to reserved matters consent, Bellway
anticipate starting on site next year with residents moving in during 2009.



Speaking on behalf of MDL, Nick Shattock, Deputy Chief Executive of Quintain,
said:



'The first land sale is a significant stepping stone in the country's largest
ever planning consent.  We are delighted to be working with Bellway, one of the
UK's leading housebuilders, on building the first riverside apartments.  This
land sale launches the southern part of the site, with the O2 nearing completion
in the north for summer 2007, along with Peninsula Square. We will now focus on
accelerating our plans for other elements of the scheme, particularly to the
north-west, which is predominantly Quintain-owned .'







Contacts:



Quintain Estates and Development PLC

Hilary Reid Evans

Head of Corporate Communications

Tel: [phone]



Financial Dynamics

Stephanie Highett/Dido Laurimore

Tel: [phone]








Notes to Editors:



About Quintain Estates and Development PLC

Quintain operates through three business segments - fund management, investment
and urban regeneration. In addition to the Greenwich Peninsula development,
Quintain has a c14m sq ft land bank of projects, of which c7m sq ft are
consented. Quintain is listed on the London Stock Exchange and is a FTSE 250
company.



About Greenwich Peninsula

Over the next 15 years, the area will be transformed into a thriving new
riverside community. Planning permission was issued in early 2004 and will see
the delivery of 10,000 new homes in distinct residential neighbourhoods
(including 38% affordable housing), the creation of 24,000 long-term job
opportunities within a central business district as well as shops, schools,
community facilities and landscaped open spaces. Pedestrians and cyclists will
have priority over the car and a relaxing, safe environment will be promoted.



The first phase of construction has begun, creating a major new public space for
London, Peninsula Square. This will be the gateway to the new world-class
entertainment in The O2 (the former Dome) and the surrounding community. Work to
improve access and capacity at North Greenwich Transport Interchange is underway
as are road junction improvements on and around the Peninsula. The O2, together
with the new Peninsula Square, is scheduled to open in summer 2007.



The £5bn comprehensive regeneration of 80 hectares of Greenwich Peninsula is
being led by Lend Lease and Quintain Estates and Development PLC, who together
have formed Meridian Delta Limited (MDL) and entered into a long term joint
venture with English Partnerships, the national regeneration agency.



Greenwich Peninsula - key statistics

•         London's single largest regeneration project at 1.4 million sq m /15
          million sq ft

-        10,000 new homes with 3,800 for key workers and people on low incomes

-        A new office district - 343,600 sq m /3.5 million sq ft of employment
         space

-        150 new shops - 33,750 sq m/360, 000 sq ft of retail space

-        £100 million investment in new community facilities, including new
         schools, health and childcare facilities and transport improvements

-        24,000 jobs created, plus an additional 5,000 jobs in construction

-        2.5 km of picturesque river frontage

-        19 hectares of scenic parkland and open spaces








                      This information is provided by RNS
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