London has often been described as “A City of Villages” or “A Network of Neighbourhoods”, each with its own distinct character, often centred around a local high street or town centre. The ambition of Royal Wharf is to create London’s next great real estate, a successor to the districts that have for centuries given the capital its world famous character.
- 40 Acres of Mix Use Residential-led Space
- 4,750sqm New SHOPS, BARS andRESTAURANTS
- 4 New Squares
- 500m of South-facing Riverside Walks
- New School and New Public Service
- 3,385 New Homes and Apartments
- 45% Open Space and Play Areas
- 15,000sqm of New Office Space
- 310 New Town Houses
- 2 New Parks and 3 Pocket Parks
The development will consist of 3,385 homes in total, a beautiful riverside walkway, new streets, connecting parks and squares, as well as new apartment buildings with views of the River Thames, a new school, shops, offices and riverside restaurants, catering for a population that is estimated to reach 10,000 by completion.
The scale of Royal Wharf offers the potential to create a new great estate for London. Not only does Royal Wharf offer a stunning south facing riverside promenade, but also has at its heart a new vibrant high street connecting parks and squares. There are stunning apartment buildings offering unrivalled views of the Thames, terraced mansion blocks offering generous family sized apartments and a range of town houses with tall ceilings and stunning private gardens.
Since the transformation of Canary Wharf into one of Europe’s most powerful business districts, London’s centre of gravity has been moving east, a shift recently consolidated with the success of the 2012 Olympics. Royal Wharf has excellent transport links into the heart of London via the Docklands Light Railway, a new Crossrail station (opening in 2018), and international connections from London City Airport and boat links from a proposed brand new pier.
The Mayor, Boris Johnson, recently announced details of a £1bn deal to transform London’s historic docklands into the capital’s next business district, forging new trade links with China and other economies in the Asia-Pacific region and securing billions of pounds of inward investment in the UK economy. The 35 acre site will be development by ABP China and will see the creation 2.5 million square feet of office space in total, 600,000 square feet of which is due to open in 2017.
The deal will re-instate the Royal Docks as a commercial and trading centre for the 21st century, delivering around 20,000 full-time jobs and boosting local employment in Newham by 30 per cent. When complete the site will become London’s third business district and, according to initial projections, be worth £6bn to the UK economy, generating £23m in business rates annually and acting as a catalyst for further development in the area.
The largest development of its kind in the UK, the stateof- the-art business district will act as a platform for financial, high-tech and knowledge driven industries looking establish and drive forward their business in UK and European markets. The deal represents one of the first direct investment by a Chinese developer in London’s property market and will eventually be home to over 3.2 million square feet of high quality work, retail and leisure space, including 2.5 million square feet of prime office space, creating a new, vibrant 24/7 district on London’s waterways.