Development partner chosen to deliver £500m Canning Town Centre regeneration
2 July 2009
A major milestone has been reached in the
regeneration of East London with the appointment of a preferred
development partner to deliver one of the UK’s largest regeneration
projects in Canning Town and Custom House.
Newham Council with the The London
Thames Gateway Development Corporation (LTGDC) has appointed
Bouygues Development, and its consortium partner One Housing Group,
to develop plans to create a new Town Centre on a 16-acre
brownfield site opposite Canning Town station.
The appointment of a preferred development partner for the £500
million scheme marks the start of the delivery phase for one of the
UK’s largest regeneration programmes. It’s estimated that more than
£3.7 billion will be invested to improve the area over the next 15
– 20 years.
In partnership with LTGDC Newham Council
is working to develop Canning Town and Custom House into a
thriving, sustainable place where residents and those in business
choose to live, work and stay.
The redevelopment of the Town Centre will provide up to 500 jobs
throughout the decade-long construction phase. On completion
the Town Centre will house an estimated 1,100 new homes (of mixed
tenure) and around 60,000 sqm of retail, offices, leisure
facilities and a supermarket.
LTGDC Chairman , Bob Lane, said: “Today is the
day that we cemented Canning Town‘s future as the new east London
landmark attracting new people and businesses within a transformed
and high quality environment for local people.
“The success in securing a development partner in the teeth of
the severest recession in the property market shows that we must
have been doing something right to attract private investors. The
master planning work at the early stages combined with a far
sighted approach on land assembly has put high quality development
at the heart of our approach to place making. It is a standard that
Bouygues Development has enthusiastically taken up.”
Mayor of Newham, Sir Robin Wales, said: “The
city of London continues to move east and Newham is the heart of
this change. This sends a powerful signal that Newham means
business. This project is part of a once in lifetime opportunity to
turnaround the prospects of Canning Town and Custom House residents
and we’re determined to get a better deal for them.
“Despite the slow down in the economy, pushing forward with the
development of key infrastructure with our partners is one crucial
way of kick starting the local economy and providing jobs for the
local community. It’s a thriving area that is undergoing a
remarkable improvement and rapidly emerging as a centre of
commerce.”
The Chairman of Bouygues Development, Bouygues UK and Warings,
Madani Sow, said: “This is a tremendous achievement for Bouygues
Development and our consortium partner One Housing Group. The
regeneration of Canning Town will completely transform the area for
the local community and we are extremely proud to be involved in
such a significant London development”.
Group Director of New Initiatives at One
Housing Group, Gareth Crawford said: "We are delighted with the
decision of Newham Council and we look forward to
working with the community and our partners on
this exciting project to deliver lasting change and
transformation to the Canning Town area."
Executive Member for Regeneration at Newham Council, Councillor
Conor McAuley, said: “We’re committed to securing the best deal to
transform this area for the benefit of the community for
generations to come. We’re regenerating Canning Town and Custom
House so that it can thrive, providing community facilities and
quality 21st century housing. At the heart of our vision for the
area and for Newham is mixed communities, which will build cohesion
and prosperity."
The redevelopment of the Town Centre for Canning Town is in
addition to the Rathbone Market and A13 junction improvement scheme
which both received planning approval this year.
Other major projects in the borough include the 2012 Olympic
Park and the development of Stratford City, which will have the
biggest shopping centre in the south east of England.
For further information, interview requests and images
of the scheme:
Newham Council: Cobey Moore 07817 617 978
London Thames Gateway Development Corporation:
Patrick Edwards 07825 451 424
Bouygues Development: Sara Schmid 07962 387
949
Notes to Editors
The town centre scheme is one of many
different development projects of Newham’s Canning Town and Custom
House regeneration programme.
In June 2008 Newham Council selected a group
of developers following a stringent procurement process.
Appointment to this panel allows the developers to bid for work on
various schemes set to transform the area over the next decade.
The decision is subject to a stand still
period under the Council’s procedures of at least 10 working
days
The decision to appoint Bouygues as preferred
developer for the Town Centre in Canning Town was made by Newham’s
Cabinet at a meeting on Thursday, June 25th.
About Canning Town and Custom House
Regeneration Programme
The Canning Town and Custom House Regeneration
Programme includes the building of up to 10,000 new homes and two
improved town centres. This £3.7billion project aims to transform
the area physically, socially and economically.
Canning Town is located close to the Olympic
site, Canary Wharf and City Airport, with first-class transport
links. Canning Town’s superb connections give it phenomenal growth
potential and the next few years will see an amazing transformation
of Canning Town into a desirable place to live, work and visit for
a wide range of uses and activities.
Canning Town Centre will be the heart for most
of the planned residential development in the area. The town centre
will therefore benefit from the significant uplift in its catchment
population and underlying socio-economic profile. This will provide
a catalyst for the continued growth and development of the town
centre as a retail and commercial location.
About the London Thames Gateway Development Corporation
(LTGDC)
The London Thames Gateway Development Corporation is the
Government’s lead regeneration agency for east London. LTGDC
invested £16.9 million acquiring and assembling land for the
Canning Town and Custom House regeneration along providing funding
for community projects and schools. A further £15.7m has been
committed for the next three years.
Bouygues Development
Bouygues Development is an experienced
developer which operates in a number of market sectors in the UK
including housing, commercial office space, mixed use developments
and major regeneration schemes. Bouygues Development is part of
Bouygues Construction – a world-leading construction and services
group. Generating value through creativity and delivery, Bouygues
Development enables environments and communities to thrive.
Bouygues UK
Bouygues UK is a subsidiary of Bouygues
Construction – a world-leading construction and services group. The
company provides a fully integrated design, build, finance and
operate service across a broad range of sectors with a particular
focus on education, healthcare, housing and commercial as well as
urban regeneration and property development.
Warings
Predominantly focused on the South East,
Warings provides a professional construction service from its
Portsmouth headquarters and specialist airport team based at
Heathrow. The company delivers innovative construction
solutions across major industry sectors for both public and private
clients.
One Housing Group
One Housing Group currently manages over
12,000 homes in 26 local authorities across London and adjacent
counties, with over 2,700 homes in the development pipeline. These
include shared ownership schemes; intermediate rent homes for key
workers, affordable rented homes and homes for outright sale.
Community Housing Association, Island Homes
and Toynbee Housing Association joined to form One Housing Group in
September 2007. Visit http://www.onehousinggroup.co.uk/
for further information.