MD1365 Beam Park
Beam Park is a 29ha brownfield site in London Riverside Opportunity Area with the potential to deliver circa. 3,000 new homes for London. Estimates for remediation costs for the site currently range from £7.5 - £15m. Further work is needed to improve certainty and close this gap.
£450,000 has been set aside from savings made from the existing (2014-15) Land and Property Programme budget.
An additional budget amount of £260,000 (£190,000 in 14-15 and £70,000 in 15-16) is required to undertake intrusive site investigations and carry out robust development appraisals to enable GLA Land and Property (GLAP) to have an accurate understanding of the key viability issues, reduce risk and therefore ensure best consideration for the Beam Park site is achieved.