28 May ABP 2nd Anniversary Dinner: New Plan Announced to promote East London as a “World Village”
Plans are now being made to stage an international investment summit to promote East London as a “World Village” drawing upon its global links and worldwide appeal.
ABP – the developer behind London’s Royal Albert Dock transformation – has announced it is aiming to organise the conference in the autumn.
Speaking at a dinner to mark the second anniversary since ABP signed the Development Agreement with the Greater London Authority for Royal Albert Dock, the company’s Chairman, Xu Weiping, said East London is one of the most diverse areas in the UK, which is one of the reasons why ABP chose to invest there and why he believes it is set to become a centre of world trade.
He said: “East London will be the centre of the World Village. It has many unique resources including the Olympic Park, London City Airport, and the ExCeL International Exhibition Centre, a diverse and vibrant community, and even the first primary school in the country to set up a Mandarin course.”
He announced there are now plans for the UK China Investment Summit to be held in September to explore how to make East London into a “World Village”, which will be the gateway not only to the UK but also to Europe and the rest of the world.
The anniversary dinner was held at the prestigious Wallace Collection in Central London and was attended by more than 100 distinguished guests including politicians from local and central government and leading business people from UK, China, Europe and Asia.
Mr Xu also announced that the current Vice Chairman Nancy Xu is being promoted to lead the UK project. Mr Xu said: “I’ll remain Chairman and the head of ABP, but it is time to invest in the future and this is why I’m able to tell you that, ABP London will now be under the leadership of Nancy Xu.”
Nancy Xu joined Mr Xu on the stage as he made the announcement. She told the audience, “I’m surprised and of course delighted. The good news means I’ll be working with the strong team, and we’ll deliver a successful project at Royal Albert Dock. We will work hard to create more and more anniversaries.”
Over the past two years, ABP London had drawn up the Masterplan for the site, and it has completed all the planning process stages. The 4.7 million sq feet development project is on course for delivery, and the Phase 1 will be completed in 2018. It would cost more than £1.7 bn and would be worth £6bn to the UK economy.
Mr Xu expressed his gratitude for the support was given by partners and various supporters from different sectors.
One of the speakers at the event, Sir Eric Pickles, talked about the importance of ABP building a strong business connection between UK and China. Mayor of Newham, Sir Robin Wales added that East London is the prime location for London’s future development and ABP development project will bring prosperity to East London.
Managing Director of Petrol China International and Chairman of The China Enterprises Association in Britain, Si Bingjun, said: “My company has made the transition to the UK few years ago and it was difficult to navigate in a new environment. I believe ABP will provide the solutions for many Chinese companies and will help them to set up their headquarters in Europe.”
About ABP Royal Albert Dock
The ABP Royal Albert Dock development will become London’s third business and financial district, after the City of London and Canary Wharf, and will be 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 4.7 million sq ft (437,000 sq m) development comprises mainly offices but with residential, retail and public realm.
The £1.7 billion project next to London’s City Airport has generated widespread interest with support from the Mayor of London, Boris Johnson, and the UK central Government. ABP, the company behind the project, is a Chinese developer with a strong track record in China of taking
areas in need of regeneration and transforming them into vibrant and successful business districts. 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. 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.
For further information, and photographs for media use, please contact:
Neil Robinson, Director of Global Communications
Tel: +44 (0) 203 8188 540