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, 17:37
David Goldstone, CEO of LLDC

Some of the biggest players involved in East London’s regeneration gathered at a conference today to discuss the borough’s “fantastic” future.

Elizabeth Olympic
Yesterday, 14:07
Declan Collier and Chancellor Phillip Hammond with Lord Ahmad. (Pic: Stefan Rousseau/PA Wire)

The Chancellor of the Exchequer has moved to allay the fears of residents over the expansion of London City Airport.

Stephen Timms
Yesterday, 12:33
The proposed V&A East. Picture: Allies and Morrison

These architects’ images show how the Queen Elizabeth Olympic Park could be transformed into a new cultural and education district for east London.

London Legacy Development Corporation
Yesterday, 12:30
Crowds leave the Olympic Stadium at the Olympic Park in Stratford, east London

Can you believe its been four years, since millions across the world were glued to screens watching the London Olympics opening ceremony?

Elizabeth Olympic Park

Newsletter Sign Up

Most read news

HOT JOBS

Show Job Lists

Competitions

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
£15k prize bundle

Imagine having the opportunity to win an incredible £15,000 bundle of some of the most amazing prizes available. Well, for one lucky contest entrant that dream could soon become a reality because we at MyOffers are offering an incredible free prize bundle that will make even the most hardened person wild with excitement.

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