Royal Albert Dock
Construction has already begun on one of the most exciting development projects in Europe which will see the Royal Albert Dock in London’s East End transformed into London’s third business and financial district. It will be a hub for businesses from Asia looking to reach new markets in Europe and for European companies seeking to do business with them and expand into the Far East. The 4.7 million sq ft development comprises mainly offices but with residential, retail and public realm.
The project next to London’s City Airport has generated widespread interest with support from the Mayor of London, and the UK central Government. ABP, the company behind the project, is a Chinese developer with a strong track record in China of taking areas in need of regeneration and transforming them into vibrant and successful business districts. The first phase of the project will be completed in 2018 at the same time that London’s high-speed rail link, Crossrail, opens nearby.
£1.7 billion investment will create up to 30,000 jobs, and generate £6 billion to the London economy.
Royal Albert Basin
The first phase of an exciting new development, Royal Albert Wharf, by Notting Hill Housing Group is nearing completion with many residents having moved in already. The new waterside community, which incorporates eateries and workspaces as well as muti-tenure homes, is located at Great Eastern Quay which adjoins Albert Island and the Gallions Marina.
There’s also a proposal for marine-based industry and a commercial boatyard providing services to London’s leisure and working craft operating on the Thames.
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Pontoon Dock – Silvertown Quays
Silvertown, the 62 acre site in the Royal Docks is the largest regeneration project in London. In 2013, the GLA awarded The Silvertown Partnership (TSP) the development rights to bring forward a mixed use scheme with homes and commercial spaces to make show and share.
TSP has worked closely with local residents, businesses and stakeholders and successfully gained outline consent for the development in 2016 committing to 5 million sq ft of commercial space for small, medium and large businesses and brands; alongside 3,000 homes , with over a third of these designated as affordable.
The 62 acre site will reinvent the concept of the atelier on a grand scale – creating a lively and buzzing environment where people who make things, can show and share them with others, drawing in visitors from afar. Former flourmill, Millennium Mills lies at the heart of the site and will be transformed to house start-ups and emerging businesses that want to push the boundaries of how they work, collaborate and create.
The £3.5 billion regeneration is set to make a significant impact on the borough of Newham – the sixth most deprived local authority in England – through the creation of 21,000 jobs, 3,000 new homes, improved infrastructure, leisure and commercial spaces and contribute £260 million to the London economy.
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