London: £1 Billion to Transform Royal Albert Dock
ABP, a successful China-based developer, will create a state-of-the-art business area to act as a gateway into Europe for Chinese and Asian business.
The Mayor of London, Boris Johnson, recently announced details of a £1 billion deal to transform London’s historic docklands into the capital’s next business district, forging new trade links with China and other economies in the Asia-Pacific region and securing billions of pounds of inward investment in the UK economy.
The Greater London Authority owns the 35-acre Royal Albert Dock. It is situated in the heart of Royal Docks Enterprise Zone. Working with UK developer Stanhope and architects and master planners Farrells, ABP have a commitment to developing a minimum of 600,000 square feet in the first phase, with strong interest for office space already being shown by Chinese companies, including some of the country’s top banks. The first occupiers are due to move in in 2017.
London & Partners, the Mayor of London’s promotional and business development organization were instrumental in helping ABP to explore the huge investment opportunities in London
The deal is a key part of the mayor’s on-going commitment to regenerate London’s docklands, bringing jobs and homes back to the capital’s waterways and builds on the momentum of the development of the Olympic Park and Stratford City. It is the latest in a string of investments in the area including the Siemens Crystal Centre, the UK’s first urban cable car, Emirates Air Line and new homes at Great Eastern Quay, as well as upcoming developments at Silvertown Quays and the plans to create the UK’s largest floating village at Royal Victoria Dock.
London & Partners is the official promotional organization for London. The company attracts and delivers value to business, students and visitors. London & Partners is a not-for-profit public private partnership, funded by the Mayor of London and a network of commercial partners.
Illustration bykhunaspix at Free Digital Photos.net
Compiled from London & Partners press release.