Owned by the Greater London Authority and developed by Advanced Business Parks (ABP), a successful Chinese commercial developer, the 35-acre site is set to be transformed into a mixed use scheme comprising office, leisure, retail and ancillary residential buildings, with a gross external area of three million sq ft.
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John Deasy, Commercial Director at Hilson Moran, said: "With the commitment to a significant first phase, Royal Albert Docks will not only attract investment into the country, but it will also create benefits for local people, providing thousands of new jobs. Our role working with the design team will help us realise this important masterplan."
Working with UK developer Stanhope and architects and masterplanners Farrells, ABP have a commitment to developing a minimum of 600,000 sq ft in the first phase, with strong interest for office space already being shown by Chinese companies.
When complete, Royal Albert Docks will have some of the best transport links in the capital, with direct access to central and western London via the new Crossrail station coming in 2018. It also benefits from close proximity to the University of East London and City Airport, providing direct links to Europe's key business destinations.
(CD/JP)
