Greenwich Square

Greenwich Square was a stalled 8.0 acre site owned by the HCA with full planning permission for a projected £360m, 500,000 sq ft development including 645 new homes and a 120,000 sq ft square with a community centre, public library, health centre and retail space. The Greenwich Peninsula was undergoing significant turmoil after the 2008 financial crisis and Greenwich Square was surrounded by multiple stalled developments.

We identified Greenwich Square’s medium term potential and affordable price point in an up and coming location (one tube stop from Canary Wharf) that could take advantage of any rebound in the first-time buyers market. Yoo Capital co-led on the structuring of a complex £200M+ government funding package with four government agencies and innovative revolving structure.

Yoo Capital co-led the negotiation of a sale to one of the existing investors after the consortium had successfully delivered two of three phases. Yoo Capital acted as equity investor and served on the main board.