The investment proposition:
Seeking an innovative development partner to deliver a transformational new employment-led, mixed-use vision for the site.
Key facts:
The Royal Docks is the Mayor of London’s largest land-led regeneration project with over 175 hectares of land in GLA ownership. It will attract approximately £5bn worth of investment over the next 20 years, delivering up to 36,000 new homes and 55,000 new jobs. The area is set to become one of the most diverse residential, business and visitor destinations in the capital. This is set out in the Royal Docks delivery plan (2024-2029).
Royal Albert Dock is one of the Royal Docks’ key development sites, offering the opportunity for significant value creation (economic, social and environmental) in London’s only Enterprise Zone (EZ). A procurement exercise will select a new delivery partner with a focus on long-term investment and maximising the sites development opportunity. This will create a new mixed-use employment hub and new residential communities. The site is circa 30 acres in size. There is the opportunity for c.4m sq ft of new mixed-use development.
The site is bounded by educational uses (University of East London) to the east, and a variety of leisure, hotel and exhibition centre uses (London ExCeL) to the West. To the north is large-scale transport infrastructure in the form of Royal Albert Way and the DLR; to the south is the historic Royal Albert Dock water body and London City Airport. Two DLR stations directly serve the site. The Elizabeth Line is 2mins away on the DLR at Custom House.
