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, being delivered by a joint venture partnership between St. Modwen and 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.

Construction of the Woolwich Exchange development is expected to begin in 2023. 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 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 below provide further information about both the Compulsory Purchase Order (CPO) process and the relocation support available.

Compulsory Purchase Order

Sealed CPO and schedule
CPO plan
Statement of reasons
Frequently asked questions

Business relocation

A report recommending the use of Compulsory Purchase Orders (CPOs) to bring about the Woolwich Exchange development has been agreed by Cabinet.

Relocation support

Woolwich Exchange framework relocation strategy
Woolwich Exchange relocation schedule and available units

Statement of Case

Woolwich Exchange – Statement of Case 
Statement of Case (Appendix) – Documents Referred to in Statement of Case 

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 has been submitted to the Secretary of State for Levelling Up, Housing and Communities for confirmation.

Key Project Documents

Compulsory Purchase Order (CPO) and related processes to facilitate the assembly of land required to deliver the Woolwich Exchange project

Decision Notice - 20 3385 F-Decision Notice (23-12-21)

Decision Notice - 20 3386 L-Decision Notice (23-12-21)

GLA Woolwich Exchange Planning Application

Newsteer - Framework Relocation Strategy (May 2021)

Woolwich Exchange Engagement Strategy (Newsteer)

Woolwich Exchange Equality Impact Assessment

S111 Agreement