14 Apr Proposal submitted for the transformation of Royal Albert Dock into London’s next business district
- 97% of respondents expressed their overwhelming support for plans to create a new place to live, work and enjoy
- The proposals will create up to 20,000 new jobs, deliver new cafes, restaurants and public squares and open up a kilometre of waterfront
Plans from developer ABP and UK development manager Stanhope to transform the Royal Albert Dock into the capital’s next business district have been submitted to Newham Council.
Feedback from a public exhibition, held on site in Compressor House over three days in February, has shown overwhelming support for the vision to create a vibrant hub for people to work and live and a new gateway to Europe for businesses from Asia.
The proposals, which have been masterplanned by architects Farrells, will also create up to 20,000 new jobs, a significant number of which will be available to local people.
Over 270 people attended the exhibition and, of the 112 who gave feedback, a huge 97% supported the principle of regenerating the site. The creation of new public realm, including opening up 1km of waterfront for the first time and providing three new public squares as well as green links through the site, was also supported by 97% of respondents.
Respondents also reacted positively to the creation of new jobs with 95% in favour, 84% showed support for the delivery of new cafes and restaurants and 80% supported new leisure facilities that would be available for use by local residents.
A further 120 pupils, teachers and parents saw the proposals at a one-day event held at nearby Kingsford Community School, with just over 80% of people who gave feedback supporting the principle of regenerating Royal Albert Dock.
The proposals will also bolster trade links with Asian markets and attract new companies to set up European HQs at the 35-acre site. This unique cluster of businesses will act as a magnet for other European and UK companies, attracting more much-needed investment into this part of London and the UK.
Chairman of ABP, Xu Weiping, said:
“The response from the local community to these plans has been fantastic and I am very happy to see that they share my passion to see Royal Albert Dock regenerated.
“This is a very exciting part of London with unrivalled transport connections and there are a number of other schemes planned or underway in the Royal Docks. Royal Albert Dock is the ideal place to create a new business district that will bring benefits both to the local community and to London.”
A Hybrid Planning Application with part submitted in outline and part submitted in detail. Subject to planning approval, construction could begin as early as 2015, with Phase 1 set for completion in 2018.
The proposals can also be viewed on the community consultation website at www.royal-albert-dock.com
Notes to Editors
- It was announced by the Mayor of London on 29 May 2013 that ABP (London) would lead the development of the 35-acre Royal Albert Dock site, as part of a £1bn deal, with UK partner Stanhope acting as development manager. ABP were chosen following a procurement process to identify a developer to develop out the site for employment focused uses. The £1bn deal relates to the estimated gross development value of the development.
- ABP is an experienced and successful developer in China, with a track record of investing in and transforming large areas in need of regeneration. ABP Beijing, for example, is a completed 15 million square foot development, home to around 50,000 employees of the businesses based there. It consists of 400 large office buildings of which many are more than 15 storeys high and includes apartments, shops, restaurants, leisure facilities and a luxury hotel. Over 95% of the buildings have been sold.
- ABP has a number of other large scale projects under construction and on track, including a development in Shenyang, the largest city in north eastern China. The Shenyang project is five times the size of the development in Beijing and ABP have already completed 120 buildings, with a further 300 or so to complete over the next two years. The latest ABP project is in the eastern coastal city of Qingdao where the company is on track to complete the first 100 of 300 office buildings next year.
- The Royal Docks lies within the stretch of land running from Stratford down the River Lea to the Thames, an ‘arc of opportunity’ with £22 billion of development potential. It is home to ExCeL, the international exhibition and convention centre and London City Airport. The Mayors of London and the London Borough of Newham have set out a joint vision to develop the Royal Docks.
- The Royal Docks was granted Enterprise Zone status from April 2012 in recognition of its strategic importance.
- 50ha rates relief (if in area by April 2015)
- Enhanced Capital Allowances at RAD (up to April 2017) – good for capital intense industry e.g. biotech
- Simplified planning – GLA/LBN/TfL/Developer Project Planning Performance Agreement
- Broadband – part of successful £25m Urban Broadband Fund bid (up to 1gb/ps if there is demand)
- Business rate uplift retention for 25 years
For media enquiries related to ABP please contact Anna Mitra, Duncan Hepburn or Jane Groom on 020 7612 8480.