Media tycoon begins £1bn Westferry regeneration

17th February 2017

Newspaper and magazine tycoon Richard Desmond has kicked off the £1bn transformation of the former Westferry printworks, setting in motion the creation of a “new town” next to Canary Wharf. Mr Desmond, the owner of the Daily Express and Daily Star newspaper titles and the OK!, new! and Star magazines, was present for the demolition of the 15-acre site, which will eventually host 722 homes, two parks, a waterfront promenade on the Millwall Outer Dock, a healthcare centre and a 1,200-space secondary school as well as shops, bars and restaurants. Northern & Shell won planning permission for the project last August, following objections to its lack of affordable housing, and a row with a local sailing club.

Evening Standard (13/02/2017)