London’s next business district, creating a centre for global trade, with thousands of jobs and new homes
In May 2013, the Mayor of London announced a £1bn deal with Chinese firm Advanced Business Parks (ABP) to create a trade hub for Asian businesses to invest in the UK. Proposed plans comprise over 4.7 million sq ft of high quality work, retail and leisure space, including 2.5m sq ft of prime office space. The site will host Asian and Chinese businesses looking to establish European HQs and other businesses that want to locate in London.
In June 2013, the Mayor confirmed a £1.5bn deal with The Silvertown Partnership that will transform part of the Enterprise Zone into the world’s first cluster of purpose-built pavilions for product innovation, where top brands will be able to exhibit their latest products and interact with potential customers.
New communities and homes:
Overall there is the potential for circa 11,000 new homes across the Royal Docks, which includes the Enterprise Zone area. Planning has been submitted to utilise the Zone’s former docks and create a ‘floating village’ of floating homes, shops restaurants, a visitor destination and workspace.