Indian giant Essel Group to take over £3.5bn Silvertown Quays

Grant Prior 6 years ago
Share

Indian conglomerate Essel Group is in talks to take over redevelopment of the £3.5bn Silvertown Quays site in east London.

Essel has submitted proposals to the Greater London Authority to purchase the 62 acre site from current developers The Silvertown Partnership – a consortium of Chelsfield Properties, First Base and Macquarie Capital.

Essel has plans for a major world class visitor attraction, hotel and leisure complex to celebrate India’s culture and history.

The firm will work in partnership with HPW Architects who will lead on design and Mace.

The multi-billion pound cultural centre would sit on 14 acres at the heart of the  Silvertown project under the proposal.

Designers HPW architects sid the centre will provide a ‘cultural landmark’ for London which will ‘defy traditional tall build typologies’ and transform the City skyline.

Spanning 2.5 million square feet, the centre would include museums and a theatre, retail outlets, restaurants, a botanical garden and a luxury hotel.

Essel Group spokesperson Parul Goel said: “London remains the beating heart of Europe, and the Essel Group is committed to making a huge investment into London to complete the transformation of this part of the city, offering a sustainable and eco-friendly development that meets the requirements of the current planning permission and ensuring this project moves quickly.

“The Essel Group and our design team have been in detailed discussions with The Silvertown Partnership for many months, all of which has been hugely productive and our proposal has the full support and trust of The Silvertown Partnership.

“The cultural centre will be like no other in the world, and we aim to put this part of London back on the map.”

Visitors will start at the top of the centre and work their way through museums, art galleries and interactive experiences highlighting the origins of the Indus and other civilisations to the modern day.

The centre will also provide space for mediation, yoga and dance as well as a spa and wedding venue. A conference centre, exhibition facilities and a global news and TV production studio are also proposed.

If the plans are approved, the Essel Group’s proposed development of Silvertown could see the cultural centre open by 2023.

Latest news

Early bond release key to averting industry surety crisis

Contractors must put pressure on clients to release bonds promptly
45 mins ago

Over 1000 building safety cladding retrofits completed

25% of safety retrofits finished seven years after Grenfell disaster
22 mins ago

Steel import delays make Rangers miss kick-off

Construction work at Ibrox will not be finished by start of next season
15 hours ago

Lidl looking for new contractors for store building plans

Sign up for events in Newcastle, Glasgow, Birmingham and Southampton
38 mins ago

Utility firm GTC revvs up for ground source heat pump era

Contractor and heat pump maker strikes ground-breaking deal
23 mins ago

Amey switches kit supplier to Speedy from HSS

New plant and equipment hire deal worth £25m a year
20 hours ago

Clients under spotlight after bond bombshell

Contractors call for action to avoid project delays
1 day ago

M&E specialist Lorne Stewart falls into the red

Parent group suffers £2.8m loss in face of cost inflation and insolvencies
23 hours ago

Four men rushed to hospital after site accident

Eye-witnesses report a wall was knocked over on Edinburgh site
1 day ago

World’s tallest scissor lift set for UK sites

Hire Safe Solutions partners with Dingli to supply lift with working height of 37 metres
23 hours ago

Barhale wins £36m East London sewer remediation

Northern Outfall Sewer in West Ham runs above railway lines in the city
23 hours ago

Weston Homes thumbs-up for £220m Essex homes scheme

Colchester 600-home Viridis scheme gains outline consent
24 hours ago

Balfour seals £192m deal for trio of Scottish substations

Work to start this summer to enhance electrical transmission in Argyll
2 days ago

Construction bond bombshell as major player quits market

QBE currently provides cover for 20 of the industry's 30 biggest contractors
2 days ago

United Utilities names another 18 winners for £2.7bn water spend

Water giant cuts out large management contractors in latest spending round
3 days ago

Green light for £130m Dundee Eden project

Former gasholder site to be transformed into green house
2 days ago

Four tower scheme in Glasgow gets green light

Go-ahead for major mixed-use scheme at Central Quay
2 days ago

‘Green collar’ construction workers earning £134,000

Cost consultant T&T says insulation and heat pump trades earning £70 an hour in London
2 days ago

£65m Trafford Waters resi blocks approved

X1 Developments plans over 200 homes in 13- and 8-storey blocks
2 days ago

Over 100 firms win £1.5bn ICN housing framework

Great Places Housing Group names key partners for new homes programme
3 days ago

Steelwork firm went down owing £4.5m to suppliers

Subcontractors left holding unpaid invoices from SH Structures
3 days ago

Scottish civils firm to buy stake in piling specialist

Advance Construction in talks for 25% stake in Northern Piling Ltd
3 days ago

RSK secures £500m for fresh acquisitions spree

Acquisitive group aims to buy another 200 businesses by 2030
3 days ago

Beal Homes gets green light for £105m Humber scheme

Work to start on more than 500 homes in North East Lincolnshire
3 days ago

RED wins £20m East London office refurb

Grade II listed Victorian building to be upgraded to Cat A offices
3 days ago

Employee-owned Neilcott staff share £250,000 payout

Employee-owned building contractor sales jump 38% to £139m
4 days ago

Geoffrey Osborne supply chain hit for £26m

More than 500 suppliers and subcontractors left holding unpaid bills
7 days ago

Race for £800m South West Wales framework

Up to 16 firms face fight to renew spots on regional contractors framework
4 days ago

SME contractors agree 4% pay rise for site workers

Workers will also get an extra day of holiday
7 days ago

South East expansion paying off for Meldrum Group

Turnover up to £55m as North East based contractor expands national coverage
4 days ago

Contractor services