Search

Chinese developers want office space at Building 1000 in Royal Docks

14:19 14 January 2014

Chinese developers want to rent office space at Building 1000 in Newham Dockside

Chinese developers want to rent office space at Building 1000 in Newham Dockside

Archant

Chinese developers who plan to transform a part of the Royal Docks in a £1 billion deal have applied to rent space at a building occupied by Newham Council.

Mayor Sir Robin Wales is expected to approve the grant of a ten-year lease of Building 1000 at Newham Dockside tomorrow (Thursday) to ABP (London) Investments Ltd. It would see the firm occupy part of the fourth floor of the East Wing of the building, sharing it with the council which bought it for £110 million four years ago.

It has not been revealed how much the company will pay the council. Last year, Newham Council denied it was planning to sell the premises.

The council moved most of its departments from East Ham Town Hall in Barking Road in 2009, leaving the premises for community groups and a handful of council services.

ABP intends to transform vacant land next to Newham Dockside into a £1 billion state-of-the-art business district, which will create 20,000 jobs, forge new trade links with China and secure billions of pounds of inward investment.

A spokesman for the council said the proposal to lease office space to ABP is considered a good deal as it would generate rental income which, together with savings in rates and service charge payments, could help safeguard frontline services for residents.

He said space in Newham Dockside is available because some staff dealing face-to-face with residents will be moving to the new Customer Service Centre and Library in East Ham next month.

Chris Pope, Newham’s executive director for resources and commercial development, said: “Financial pressures on the council from government cuts mean it is now more important than ever to get maximum value from our property assets.

“We will continue to look for opportunities to save and make money and that includes renting out office space we are not using in Newham Dockside. The proposal being considered by the Mayor is in line with our strategic approach of maximising commercial income to offset funding cuts and protect frontline services for residents.”

In May last year Mayor Sir Robin Wales, Mayor of London Boris Johnson and ABP Board chairman Mr Xu Weiping, revealed details of the proposals to transform the 35-acre site at Royal Albert Dock.

Sir Robin said: “We welcome ABP’s ambitious vision for the Royal Docks. This proposal will bring investment from abroad and unlock future development. It will also create benefits for local people by providing thousands of new jobs and further enhance the waterfront.”

If the ABP rental deal is approved, it will mean 76 per cent of the Building 1000 is council occupied and 24 per cent by other tenants who currently include global watch brand Swatch and CityJet airline company.

0 comments

Latest Newham News Stories

56 minutes ago
Junior doctors on strike at Newham University Hospital last month

Last-ditch talks are taking place in a bid to avert tomorrow’s planned strike by junior doctors.

Newham University Hospital
15:04
Ronald Valentine Higgins, pictured in his football kit during his youth

RAF gunner and footballer Ronald Valentine Higgins – so named because he was born on February 14 in 1923 – has died aged 92.

Victoria
13:36
Luke and Skywalker are recovering well after being found with severe injuries in Victoria Park. Picture: Celia Hammond Animal Trust

Two adorable young cats found horrifically injured and dumped in an east London park have sparked an outpouring of generosity from animal lovers.

Celia Hammond Animal Trust
Women gathered at the gurdwara in Manor Park for worship and free food Picture: Dharam Sahdev

Worshippers have been leading women-only prayer sessions at Shri Guru Ravidass Ji Gurdwara Sahib.

Most read news

HOT JOBS

Show Job Lists

Competitions

Sony Smart Ultra HD 55'' LED TV

Enjoy the ultimate entertainment experience in your living room with the Sony Smart Ultra 55’’ LED TV. Be the envy of all your friends with this huge TV- you can change your living room into your own cinema! Get the boys around to watch the football or get the girls around to watch the DVD of 50 Shades.. this is a prize that everyone would enjoy! Stand a chance to upgrade your current entertainment system by wining this fantastic prize.

Read more
Surface Pro 4

Technology is ever evolving. We are constantly being shown new technology that is innovative, revolutionary and designed to make life easier for us all. Gone are the days of dial up modems and computers so large you needed half a room to store it. We are in the age of smooth, small and sleek. Companies are all trying their best to create technology that is easy to transport and guaranteed to be user friendly.

Read more

Digital Edition

cover

Enjoy the
Newham Recorder
e-edition today

Subscribe