
Leegate has been sold by Galliard Homes to London based developer London Square, the third owners in four years. Galliard had acquired the site in 2021 from St Modwen, and had secured planning consent for a major residential and retail development.
It is understood Galliard went cool on the project because of the difficulty in finding retail businesses to occupy the commercial space. It seems likely London Square will ask Lewisham Council to vary the plans to reduce the shopping space, and add more homes.
London Square says work will start on the site later this year. Its website says: “London Square plans to deliver an attractive mixed use destination development, with high quality homes featuring communal areas in a landscaped setting with retail, leisure, restaurants, cafes, and a medical facility. The redevelopment will bring a new focus to the heart of Lee town centre in the London Borough of Lewisham.

“Acquired from Galliard Homes, there is currently planning in place for 562 homes, comprising 389 private and 173 affordable houses, with 4,538sqm of ground floor commercial space. London Square will work with the London borough of Lewisham to increase the level of residential options in an area where there is a shortage of new build homes being delivered.”
It is London Square’s 14th purchase since being acquired by the Abu Dhabi based company Aldar at the end of 2023. It claims to have a strong track record in the area, having delivered an award-winning development in the centre of Greenwich, and also providing 100 per cent affordable homes on behalf of affordable registered provider Square Roots in Lewisham.
Adam Lawrence, London Square’s Chief Executive Officer, said: “This acquisition will herald a new chapter for Lee town centre, with much-needed homes and a new retail and leisure destination to attract the existing community and new residents. We look forward to working with the London Borough of Lewisham to get the re-development under way later this year.”


