Breaking: Royal Albert Dock gets green light 24 July 2014 | By Rhiannon Bury Royal Docks Chinese developer ABP and development manager Stanhope have been granted planning permission for the 4.7m sq ft scheme at Royal Albert Dock. Newham Council’s strategic development committee granted detailed planning approval for the first phase of the scheme, as well as outline approval for the rest of the development, last night. The 35 acre scheme for businesses from Asia will bring investment worth £6bn to this part of London and the UK, and the developers hope it will bolster trade links with Asian markets and attract new companies to set up European HQs. ABP said it has already received more than 60 expressions of interest from Chinese companies committing to office space on the site and earlier this year ABP established First Stop London, a corporate landing service to help Chinese enterprises locate in London. ABP chairman Xu Weiping said: “ABP’s £1bn scheme will transform this derelict site into London’s next business district, bringing significant social and economic benefits to the local area and creating up to 20,000 new jobs. “This permission is not just important for ABP; it is a huge step forward for the wider regeneration of the Royal Docks.” ABP plans to complete the first phase by 2018, which will include a central square, new routes through the site, offices and residential.
Posted on: Thu, 24 Jul 2014 10:07:14 +0000
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