Housing crisis calls halt to wharf plan

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BUILDING of a controversial new development has been delayed due to financial pressures.

Construction on the historic Paynes and Borthwick Wharves development, in Borthwick Street, Deptford, was due for completion in spring 2009.

Work began early last year but construction has now been delayed until further notice, according to a spokesman for developer Lane Castle.

The £45m development of 247 new homes, including 87 affordable homes, offices and an art gallery, involved the demolition of the historic Borthwick Wharf and the alteration of Paynes Wharf.

Residents' group the Creekside Forum fought against the development and wanted to preserve the old wharves because of their historic significance.