Maritime takes pride in adding to the prosperity and social pride of communities in which it invests.

We boast a track record of regeneration and placemaking that can change the perception of a town, and The Grove Market in Eltham is a prime example of this philosophy.

The asset was an early 1960s, run-down concrete carbuncle, with a parade of shops on the ground floor and maisonettes above.

The site had become a much-discussed local eyesore and anti-social behaviour hotspot on Eltham High Street, in the London borough of Greenwich.

We obtained the property with a 40% vacancy rate, and over time bought the long leaseholds of the maisonettes to secure vacant possession.

In turn the shops were let on very short leases, which could have been seen as problematic if we were simply holding the asset as a straight investment, but it was actually a benefit for our future plans for redevelopment.

Our aim was to regenerate the now-vacant site by providing a sustainable mixed-use development, offering much-needed housing in the centre of the town and to adding vitality to the area.

​Working closely with our architect partners at DLA, we created a 129-unit mixed-use scheme including three restaurants, a cafe, convenience store, GP surgery and pharmacy.

Our passion for placemaking also makes sound business sense, and The Grove was then sold on to Cathedral Group, who have since implemented a major residential scheme to great acclaim.

Grove Place now has pride of place in central Eltham, providing new homes, retail and open spaces, removing an eyesore and stimulating the local economy, adding to the prosperity and social pride of a rapidly regenerating town.

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