Developers fight to transform Royal Docks

Grant Prior 11 years ago
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More than 30 developers and investors have thrown their hats in the ring to transform London’s Royal Docks at Silvertown Quays and the Royal Albert Dock.

Major UK developers dominate the list but expressions of interest for the 85 acre site have also been received  by the London Development Agency from China, India, Hong Kong, Australia and the USA.

The LDA board will meet next week to consider the bids with a shortlist due to be drawn-up this summer ahead of a winner being announced in 2012.

Silvertown Quays will be a mixed-use scheme with Royal Albert Docks becoming a new Canary Wharf dominated by business-led, hi-tech development.

LDA Director of Development Stephen Kennard said: “With the eyes of the world on London in the run up to the 2012 Olympic and Paralympic Games, the market looks positive for our Silvertown Quays and Royal Albert Dock sites.

“We are now proposing to launch the next stage of the procurement in the next few weeks.”

The Mayor of Newham Sir Robin Wales said:

”Investors and developers from around the world have been showing their interest in the Royal Docks.

“This shows they recognise the huge potential for investment and growth in the area and I look forward to seeing these initial ideas develop into more detailed proposals that can make the Royal Docks a place where people want to live, work and stay.”

The marketing campaign and initial responses have been managed by Knight Frank on Silvertown Quays and Drivers Jonas Deloitte on the Royal Albert Dock site.

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