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Trio make final shortlist for east London development

by LLP Editor
26th Oct 11 4:14 pm

Three companies have made the final shortlist to carry out the development of a 50-acre site in east London’s Royal Docks, Boris Johnson has announced.

It is hoped the Silvertown Quays site, which is within the new Royal Docks Enterprise Zone, will help bring quality jobs and a sustainable community to the former docks site. The proposals submitted by developers could mark the first steps towards unlocking the economic potential of the east London area.

Chelsfield Consortium, made up of First Base Limited, Imagination Europe Limited and Chelsfield Partners LLP, and St George Central London Limited have both made the final shortlist announced by the Mayor of London. DV4 Limited, advised by Delancey Real Estate Management Limited, is the third company on the final shortlist.

Johnson said: “Silvertown Quays has a very bright future that will help drive the regeneration of east London. I look forward to seeing inspiring ideas that rise to the challenge we have set. I want to see lasting jobs created and new sustainable communities emerge from this prime development opportunity which also acts as a catalyst for change across the wider area that has been neglected for so long.”

The three shortlisted developers will work with the London Development Agency to generate detailed plans which meet the Mayor of Newham and Johnson’s ambition to create a world class site.

London Development Agency chief executive Lurene Joseph said: “I am delighted that Silvertown Quays has attracted the interest from the top tier of British developers. This confirms the scale of the opportunity on the future of this landmark site. We are now looking to the shortlisted developers to come up with detailed proposals that match our ambition to transform Silvertown Quays into a thriving world class urban centre. We look forward to selecting a final preferred developer in March 2012.”

The bids of the shortlisted developers were chosen because of their ambition, innovation and potential to deliver. The trio will now work with Newham Council and the London Development Agency to move their ideas on further.

Mayor of Newham Sir Robin Wales said: “Interest from businesses wanting to invest in the borough will increase as we head toward the Olympics, helping us to create a lasting legacy of sustainable employment for our residents. The Royal Docks is ripe for investment and today’s announcement shows that we’re serious about making the area a business powerhouse.”

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