Silvertown development gets green light

24th April 2015

Newham Council has approved plans for a £3.5bn development at the Royal Docks site, in Silvertown, East London. The scheme will provide offices, leisure and retail facilities and 3,000 homes including affordable housing. It is also hoped the development will create 20,700 jobs over the next 10 years. When the first phase of the scheme is completed in 2018, the 450,000 sq ft Millennium Mills will become home to technology, media and telecoms businesses. At that stage, it will also have a Crossrail station. Sir Robin Wales, the mayor of Newham, said: “This multibillion-pound transformation is a fantastic opportunity to reinvigorate the Royal Docks area, giving it a new lease of life benefiting Newham and the capital as a whole.”

Property Week (22/04/15)