August 23 2014 Latest news:
Freddy Mayhew, Reporter
Tuesday, March 25, 2014
A new development branded the centrepiece of the Royal Docks transformation will create a bustling neighbourhood of 10,000 residents by the Thames, its developers have claimed.
Royal Wharf will boast a new town centre with a high street including bars, shops and restaurants, 3,385 new riverside homes including 310 townhouses and two new parks, all situated between Lyle Park and Thames Barrier Park.
Its developers, Oxley and Ballymore, said they drew on the Georgian heritage of London’s squares and neighbourhoods as well as the benefits of riverside living in their designs.
Oxley chief executive, Ching Chiat Kwong, said the Newham-based development would “transform” the Royal Docks area.
He added: “It will be a whole new town centre in east London and is one of the biggest residential developments in London.”
John Mulryan, UK managing director of Ballymor, said: “It is a superb riverside location, with high quality transport links and the opportunity to create a new neighbourhood for East London.”
Each property’s layout and design aims to maximise views over the network of town squares and nearby London icons, which include Canary Wharf, the O2 Arena and the Thames Barrier.
The site is accessible from Pontoon Dock DLR station and Canning Town on the Jubilee Line and will benefit from the completion of Crossrail which will see a new station built at Custom House in 2018.
Prices in the new neighbourhood will start at £235,000 for a suite and £695,000 for a four bedroom townhouse.
Works have already begun with the first residents expected to move in during 2016 and the whole project forecast to be completed by 2020.