Search

Summit discusses financial district at Royal Albert Dock

17:16 03 June 2014

The proposed development of the Royal Albert Dock (pic: HayesDavidson)

The proposed development of the Royal Albert Dock (pic: HayesDavidson)

© 2014 HayesDavidson all rights reserved

The emergence of the Royal Albert Dock as a financial district was the focus of a summit of Asian business leaders today.

The proposed development of the Royal Albert Dock (pic: HayesDavidson)The proposed development of the Royal Albert Dock (pic: HayesDavidson)

A year on from a £1bn deal to transform the dock, the Asian Business Port (APB) chairman Xu Weiping hosted a conference on the site.

Entitled ‘A real estate revolution and opportunity for Asian businesses’, the summit was attended by 400 business leaders, including more than 150 Chinese delegates.

Mr Xu said: “East London is fast becoming one of capital’s most exciting places to do business and we believe that the new business district model we are creating at Royal Albert Dock will start a business revolution and a new way of working for future companies.

“A year ago we signed the agreement with the Mayor of London and we have come a long way since.

“It is my pleasure to host this summit to open up opportunities in this part of London to Chinese and other Asian businesses.”

As part of the summit, Eric Pickles, the secretary of state for communities and local government, delivered a keynote speech about the Royal Docks Enterprise Zone.

He said: “Enterprise Zones are part of our long term economic plan to secure a better future for people right across the country.

“Chinese businesses have already committed billions to Enterprise Zones in London and Manchester, and today is a chance to show them the potential of Enterprise Zones in other parts of the country.”

Plans for the dock were submitted to Newham Council in April, and it is hoped the development will set a new precedent due to its location away from the city centre.

Subject to planning approval, construction on the 35 acre site could begin as early as next year.

It is estimated up to 20,000 new jobs will be created, with the majority available to local people.

Read more:

Plans to transform Royal Albert Dock into next business district submitted to council

Chinese developers want office space at Building 1000 in Royal Docks

Royal Albert Dock set to become London’s third business district under £1bn deal

Latest Newham News Stories

Yesterday, 17:18
Claire Cockerton

One of the brightest business talents operating in the borough is set to speak at the must-see ceremony of the year.

Elizabeth Olympic
Yesterday, 15:14
Cllr Ted Sparrowhawk, Deborah Hindson, director of financial sustainability, Kent Taylor, finance director of Red Door Ventures and Sir Robin Wales, Mayor of Newham

Three former firefighters’ cottages have been transformed into six new flats.

Red Door Ventures
Yesterday, 10:54
Inside West Ham's new home at the London Stadium

Missing seats at the London Stadium have been installed ahead of tonight’s West Ham match.

Premier League
Yesterday, 09:40
The Copper Box Arena played host to handball at the London 2012 Olympics (pic: Lee Power)

Has the nation’s success at Rio 2016 inspired you to try out a new sport? If so, Saturday could be the day to do it.

ITV

Newsletter Sign Up

Most read news

HOT JOBS

Show Job Lists

Competitions

You could win £15,000 to spend on either their mortgage or a deposit towards the home of their dreams

Wouldn’t it be lovely to have a period of time when you simply don’t have to worry about finding the money each month to pay your mortgage? When you don’t have to put money aside from your monthly income, or worry about having to afford other essential outgoings?

Read more
Which book character do you share cleaning habits with?

Whether you have more in common with put-upon Cinderella, emotionally turbulent Jane Eyre, or easily distracted Mole, you’re sure to appreciate that one lucky winner will receive four sessions of free cleaning. Enter our quiz for your chance to win. All runners up will get £10 off their first clean when making a repeat booking.

Read more

Digital Edition

cover

Enjoy the
Newham Recorder
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now