Royal Albert Dock
The 35-acre site at Royal Albert Dock is set to be transformed by Farrells into a gateway for Asian and Chinese businesses seeking to establish headquarters in the UK, as well as other businesses looking to set up in the capital. Historically the trading heartland of the capital, the development will re-instate the Royal Docks as a contemporary commercial trading centre, delivering around 20,000 full-time jobs and boosting local employment in Newham by 30 per cent.
The scheme is the largest development of its kind in the UK and represents one of the first direct investments by a Chinese developer in London’s property market. With it will come a state-of-the-art business district due to act as a platform for financial, high-tech, and knowledge-driven industries looking establish and further their business in UK and European markets. Subsequently, the site will eventually be home to more than 3.7 million square feet of high quality work, retail and leisure space, including 2.5 million square feet of offices. The project will enliven the vicinity, installing a vibrant 24/7 district on London’s waterways.
Due for delivery in 2018, Phase 1 of the Royal Albert Dock masterplan will establish a new commercial quarter of London, cementing East London’s stake in this sector. The first phase is focused on five plots of the masterplan and will deliver a total of 65,000 square metres of mixed-use space across 21 units, the majority of which will comprise commercial units. These will range from 1,800 to 14,000 square metres, allowing a rich mix of both Asian and indigenous businesses to develop and thrive.