Millennium Mills, Silvertown

Millennium Mills, Silvertown

Project Information

Status
Planning permission was granted in 2019 and amended in October 2023 to reflect the current market expectations from occupiers
Borough
Newham
Estimated completion
Millennium Mills has been granted planning permission and earliest completion date would be 2028
Location
Silvertown
Delivered by
The Silvertown Partnership (Lendlease and Starwood Capital)
Opportunity
Immediate Investment
GDV
£160m
Asset Class
Office | Leisure & Culture | Learning & Institutions

The investment proposition:

The development JV (The Silvertown Partnership) is seeking a capital investment partner committed to long term capital growth and delivering significant environmental and social impact. Once funding is acquired the building is ready to move into its construction phase immediately. 

Key facts:

  • Millennium Mills will be made of two buildings. ‘The Spillers Building’ and ‘The Mills Building’. The two together create the one icon totalling 225,000 sq ft
  • The building is just 5 minutes walk from Custom House Station on the Elizabeth line with access into Central London, as well as the DLR to the UEL campuses at The Royal Docks and Stratford as well as Bank Station
  • A famous landmark used in TV, Film, Music & Fashion. It was featured in TV series ‘Ashes to Ashes’ and the 2022 ‘The Batman’ film. From the late 80’s, the building gained popularity within the music industry, being used as the backdrop by Arctic Monkeys, Snow Patrol and Coldplay

Millenium Mills, part of the £5.2bn Silvertown regeneration, is an iconic, listed heritage building being reimagined to offer flexible workspace for next generation businesses that will feature breakout spaces on the ground floor and rooftop gardens with stunning views over East London. 

Once a flour mill, its storied history and heritage 
are meticulously preserved and celebrated in the new design. The project exemplifies sustainability, boasting low embodied carbon due to the reuse of its existing frame and façade. As part of the wider scheme Silvertown & Millennium Mills will benefit from the UK’s first EctoGrid, harnessing energy from local industrial units.

Spanning 225,000 sq ft NIA, Millennium Mills will foster a thriving ecosystem of like-minded businesses and will be complemented by new build workspaces from the 2030s onwards. The building will anchor the northern side of ‘Mills Square’, and boast uninterrupted views of the dock. 

The 60-acre site will be home to two creative clusters Mills Square, and Silverworks, East London’s hub 
for creative production with TV and film studios, music recording studios, performance spaces, and rehearsal areas. Upon completion, Silvertown will offer 1.2m sq ft of new workspace in London’s only enterprise zone, provide c.6,500 homes for all stages of life with 50% being affordable, create c.7,000 jobs for residents, and be just 15 minutes from the West End via the Elizabeth Line. 

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