The London Development Agency has sold its remaining land on the Royal Arsenal site in Woolwich to its development partner Berkeley Homes.
The land includes the Royal Arsenal and Warren sites and is part of the wider arrangement to facilitate a Crossrail station on the site which Berkeley hope to construct as the final phase of its development.
Since 2000, redevelopment has seen remediation of the 31.7ha site and construction of 1,600 homes, business space, heritage and leisure facilities. Up to 5,000 homes are planned eventually.
"The transformation of the Royal Arsenal in Woolwich from a derelict industrial site into a vibrant, award winning community has been one of the lasting achievements of the Agency," said LDA deputy chief executive Peter Bishop.
"This sale ends our involvement and passes responsibility for the final phase of work onto Berkeley Homes, who have been our partners throughout the past decade."
