The Mayor of London has today announced the final shortlist of developers for the 50 acre Silvertown Quays site in east London’s Royal Docks.

Located within the new Royal Docks Enterprise Zone, these proposals for Silvertown Quays mark an important first step towards achieving the huge economic potential of the Royal Docks.

The shortlisted developers are now invited to work with the London Development Agency to come up with detailed proposals that meet the Mayor of London and Mayor of Newham’s vision to create a world-class development that provides quality jobs and creates a sustainable community on the former docks site.

The developers and consortia invited to come up with detailed proposals are: 

• Chelsfield Consortium (Chelsfield Partners LLP, First Base Limited and Imagination Europe Limited)
• DV4 Limited (advised by Delancey Real Estate Asset Management Limited) (Delancey)
• St George Central London Limited

 Their selection follows an assessment of their outline proposals for the site, judged against criteria that include innovation, ambition and deliverability. The shortlisted developers will start working with the LDA and Newham next week on their more specific ideas.

The Mayor announced this whilst attending the topping out ceremony for global giant Siemens' new sustainability centre in the Royal Docks known as “The Crystal”. Set to open next year, it is located in the Mayor's Green Enterprise District and is being built to innovative environmental standards.

The Crystal will show how the latest infrastructure technology can make the world’s cities better places to live and work now and in the coming decades. The Green Enterprise District is part of the Mayor's plans to attract low carbon investment and create green collar jobs to make London a leading centre of environmental goods, services and skills.

More recently, the Mayor of London and Newham Council successfully negotiated an Enterprise Zone for the Royal Docks which will offer inward investment incentives to help maximise development opportunities within the Royal Docks.

Mayor of London Boris Johnson said:

"Located in the heart of the new Royal Docks Enterprise Zone, Silvertown Quays has a very bright future that will help drive the regeneration of east London. I look forward to seeing inspiring ideas that rise to the challenge we have set.

“I want to see lasting jobs created and new sustainable communities emerge from this prime development opportunity which also acts as a catalyst for change across the wider area that has been neglected for so long.”

London Development Agency Chief Executive Lurene Joseph said:

"I am delighted that Silvertown Quays has attracted the interest from the top tier of British developers. This confirms the scale of the opportunity on the future of this landmark site. We are now looking to the shortlisted developers to come up with detailed proposals that match our ambition to transform Silvertown Quays into a thriving world class urban centre. We look forward to selecting a final preferred developer in March 2012."

The Mayor of Newham Sir Robin Wales said: 

"I’m delighted these companies recognise the development potential in Newham and are keen to take advantage of the borough’s fantastic transport links. Interest from businesses wanting to invest in the borough will increase as we head toward the Olympics, helping us to create a lasting legacy of sustainable employment for our residents. The Royal Docks is ripe for investment and today’s announcement shows that we’re serious about making the area a business powerhouse.”

The selection of the three final developers follows their completion of outline proposals by 10 October and a Pre-Qualification Questionnaire, which was published in the Official Journal of the European Union (OJEU) in July.

The marketing campaign on Silvertown Quays has been managed by Knight Frank.

 

ENDS

 

Notes to editors

1.                  The London Development Agency received five completed outline proposals by 10 October.

2.                  The London Development Agency team is led by Director of Land and Development Stephen Kennard. Newham Council’s team is led by Executive Director for Regeneration and Planning Clive Dutton.

3.                  More information can be found at: www.royaldockslondon.com

4.                  The Royal Docks Vision was launched by the Mayor of London and Mayor of Newham in July 2010.

5.                  There are also plans for the Silvertown Quays site to be used by the London Pleasure Garden, as part of Meanwhile London: http://www.newham.com/live/meanwhile_london_competition/london_pleasure_gardens/983,10,0,0.html

For more information please contact the LDA Press Office on 020 7593 8400. Out of hours 07977 439371. Public enquiries 020 7593 9000.