Go-ahead for £1.7bn Royal Albert Dock scheme

Aaron Morby 7 years ago
Share

The creation of London’s next £1.7bn business district designed for companies from Asia has taken a big step forward.

The Greater London Authority has granted the green light for the 4.7m sq ft development at Royal Albert Dock in east London.

Chinese developer ABP is expected to be able to begin work on the 35 acre site later this year and build what is being described as London’s next financial business district following the City of London and Canary Wharf.

It took months of negotiations between ABP and the planning authorities involving London Borough of Newham, Transport for London, and the Greater London Authority before agreement was finally reached.

It is believed that ABP could eventually be required to upgrade the Docklands Light Railway stations and buses that connect directly on to the site as well as the nearby Crossrail station which will provide high speed journeys to Heathrow Airport in just 45 minutes.

Boris Johnson’s office has now asked Communities secretary Eric Pickles to formally allow ABP to progress.

ABP’s Chief Operating Officer and Executive Director, John Miu, said: “I can confirm that the Greater London Authority have granted their approval for ABP to proceed and obviously we are delighted.

“There is tremendous interest from across Asia from companies wanting to locate in the Royal Albert Dock business district development.

“Now we have the full planning approval, we look forward to making further exciting announcements in the months ahead.”

ABP Royal Albert Dock

Screen Shot 2015-04-15 at 13.41.11

The ABP Royal Albert Dock development is set to become London’s third business and financial district, after the City of London and Canary Wharf.

It is being marketed as 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 4.7m sq ft docklands scheme next to London’s City Airport comprises mainly offices but with residential, retail and public realm.

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.

Screen Shot 2015-04-15 at 13.40.29

It will create more than 20,000 new jobs and it is estimated it will be worth £6 billion to the London economy when it is completed.

Latest news

ISG pauses work on £300m gigaplant

Construction work rescheduled to reduce costs at giant car battery plant
18 hours ago

Tory leadership battle delays bidding for HS2 phase 2a

Prequalification for £5.2bn-£7.2bn route to Crewe put back to September
18 hours ago

Greswolde Construction goes under

Solihull contractor ceases trading with 24 jobs lost
3 days ago

Hanson on track for UK’s first net zero cement works

20 carbon capture projects shortlisted for £1bn funding
17 hours ago

Plan in for Nottingham 967-room student scheme

Vita submits plan for second major purpose built student sh
18 hours ago

Galliford Try gets go-ahead for next A47 dualling job

Early 2023 start for £200m section of A47 between North Tuddenham and Easton in Norfolk
18 hours ago

Designs revealed for £1bn London Blackfriars tower blocks

Fosters design landmark green office skyscraper and two blocks of flats for Southwark site
4 days ago

Everton stadium job still on budget despite inflation

Club and Laing O'Rourke confident they can still build new ground for £500m
4 days ago

Construction output falls 1.4% halting 7-month growth spurt

Fresh output and orders figures confirm summer construction slowdown
4 days ago

McLaren gets green light for £85m build-to-rent scheme

Construction set to start this autumn on major city centre development
4 days ago

BAM limbers up for £25m Bedworth leisure centre

Pioneering Warwickshire health and fitness hub to start this autumn
4 days ago

Keepmoat to start four-year build in Wigan

Major regeneration scheme to start across four sites
4 days ago

Solihull contractor Greswolde heading for administration

New investors took over business 12 months ago
5 days ago

Duo win £500m canal and river main works deal

Kier and Bentley bag Canal & Rivers Trust's largest ever water engineering works deal
5 days ago

Construction Manager of the Year finalists revealed

70 of the industry's brightest talents: Full list
5 days ago

Willmott Dixon fills new strategic change director role

Vistry Group change director joins private builder to support future growth
5 days ago

Work starts on £42m Oldham Spindles overhaul

Willmott Dixon signs off £42m deal to create new market, offices and event space
5 days ago

Firms wanted for Telford & Wrekin £1.6bn building works DPS

Call up for dynamic purchasing system covering building and refurbishment work
5 days ago

Kier pulls off contracts league double in July

Contractor bags highest value of new work and tops rolling 12 months ranking
6 days ago

Hinkley Point C giant water intakes craned onto seabed

Video: contractors complete one of the world’s most complex marine engineering projects
6 days ago

Taziker revenue jumps 30% to record £73m

Multi-disciplinary engineering specialist boosts headcount to 366 staff
6 days ago

Consultant buys scaffolding contractor

RSK Group makes MG Scaffolding its latest acquisition
6 days ago

M&E specialist gears up for £16m Aston Martin package

Major package award on McLaren Silverstone site
6 days ago

Plans in for Brentford 110-flat canalside scheme

Makers’ Yard mixed commercial and residential use scheme
6 days ago

WSP to buy consultant RPS Group for £591m

5,000 staff at Oxfordshire based firm to join WSP
7 days ago

Countryside puts offsite factory up for sale

Offers invited for Bardon plant which is less than a year old
7 days ago

M&E specialist Spie UK arm returns to profit

French parent group launches a strategic review of UK operations after performance stabilises
7 days ago

Site boss fined for locking out safety inspectors

Police called to enter site before fire fighters rescue workers stranded on roof
7 days ago

Rebid starts for £200m M5 junction job

Cost inflation forces retender for £200m junction 10 rebuild near Cheltenham
7 days ago

New Downing Construction boss named

Andy Thomas takes top job as Ian Orton steps back after 24 years
7 days ago

Contractor services