05 Feb ABP establishes global headquarters in Newham Building 1000
Royal Albert Dock developer ABP has announced its new global headquarters will be at Newham Dockside and so will be the London base for the company to lead its international expansion.
The announcement was marked by a formal signing between ABP Chairman Xu Weiping and Mayor of Newham Sir Robin Wales at Newham Dockside and witnessed by more than 60 business partners, local councillors, community representatives and media.
The ABP new global headquarters occupies part of the fourth floor of the East Wing of Newham Dockside, which is owned by the Newham Council, in a ten-year lease. The move will provide ABP with a world-class work environment to accommodate the company’s growing workforce and development plans. ABP is eventually expected to employ more than 100 people in London and is pushing ahead with its plans to develop Royal Albert Dock.
The new headquarters overlook the site which ABP is turning into a 35-acre a hub for businesses from Asia, bringing investment worth some £6 billion to the UK economy and creating around 20,000 new jobs.
Speaking at the signing event, ABP Chairman Xu Weiping said: “This move marks an exciting new chapter in ABP’s development as our business continues to expand globally. Our decision to grow here in Newham highlights our commitment to the Royal Albert Dock project in creating London’s newest business district.
“When I announced in September that we intended to locate our global headquarters in London we were approached with a number of suggestions and options. But my heart and my head both told me that the best place and most logical option was Newham. East London and the Royal Docks are fast becoming the first choice destination for business, particularly for international trade.”
Mayor of Newham Sir Robin Wales said: “We welcome ABP’s ambitious vision for the Royal Docks. This proposal will bring investment from abroad and unlock future development. It will also create benefits for local people by providing thousands of new jobs and further enhance the waterfront.”
In a further move, ABP has announced this week that it is establishing a one stop shop offering business services to companies looking to open offices in London. Called, First Stop London, the landing service will deliver advice and support across a range of areas from office location through to tax and accountancy advice and hands-on logistical assistance. Staff recruitment advice for companies coming from China will be provided through Newham Council’s Workplace scheme.
ABP (China) Holdings Group Ltd was founded in 2003 and has forged a reputation for developing large scale enterprise districts. In May 2013, it was announced that ABP had acquired the land at Royal Albert Dock to build a mixed use development of offices with supporting retail and residential units.
The company is an established developer across China with a track record of investing and transforming areas in need of regeneration with significant projects that allow companies to thrive and prosper. It has a number of other large scale projects under construction and on track in China, including developments in Shenyang and Qingdao.
ABP has appointed Stanhope as development manager and Farrells as the masterplan architects for the Royal Albert Dock Project.
Stanhope are developers with 30 years’ experience and more than £15 billion of completed projects. Its successful track-record includes landmark projects such as Broadgate, Paternoster Square and Chiswick Park. Its new projects include Television Centre, White City. They are a focused team of development entrepreneurs from professional property and construction backgrounds including surveyors, engineers and building experts, together with a finance team and support staff.
The majority of the Stanhope executive team have worked together for over 15 years. This provides them and their partners with a significant depth of experience and expertise which is applied to each project at all stages of the development process.
Stanhope is majority owned by its management together with Mitsui Fudosan and AIMCo (Alberta Investment Management Corp).
Farrells are considered to be the UK’s leading architect planners with offices in London, Hong Kong and Shanghai. Current projects include the new transport ‘super-hub’ at Old Oak Common, Earls Court, the Embassy Quarter in Nine Elms, Convoys Wharf, Lots Road Power Station and Royal Albert Dock. In Asia, notable projects include Incheon Airport in Seoul, Beijing and Guangzhou High Speed Stations in China, a 440m tower in Shenzhen which is the tallest building ever by a British architect and the M+ Museum in West Kowloon in collaboration with Herzog + De Meuron. Many of Farrells’ projects have won international design awards including the masterplan award at the 2013 World Architecture Festival in Singapore and the company’s work is featured in publications worldwide.
Throughout his career, Sir Terry Farrell has championed placemaking and the public realm. In 2013, he was voted the individual who made the greatest contribution to London’s planning and development over the last 10 years and he is currently leading a national review of architecture at the invitation of Culture Minister, Ed Vaizey.
For further information, and photographs for media use, please contact:
Douglas Trainer, Head of Communications, London Borough of Newham
Tel: +44 (0) 20 8430 2000
Director of Global Communications,
Tel: +44 (0) 207 4768 105