Boris Johnson approves Millennium Mills redevelopment
PUBLISHED: 16:42 23 December 2015 | UPDATED: 16:42 23 December 2015
Millennium Mills has been the go-ahead by Boris Johnson to convert into a new creative hub.
The 62-acre site will deliver 20,000 jobs and 3,000 homes as part of a £3.5bn project.
Work began earlier this year to demolish parts of the former flour mill’s interior and rid it of asbestos after it secured a £12m grant.
The project will be delivered in several phases, with the first businesses set to move in by 2017.
The land, the largest undeveloped site at the docks, is owned by the Greater London Authority and has not been used regularly since the 1980s.
It is anticipated the development, which will also include a school, restaurants and leisure facilities, will contribute £260m a year to London’s economy.
Mr Johnson, the Mayor of London, said: “By breathing new life into this wonderful old flour mill we can rejuvenate this area of east London and contribute some serious dough to the capital’s economy.
“Silvertown Quays will provide thousands of new jobs and thousands of much-needed new homes and facilities for local people as we return the area to its former glory.”
The redevelopment, one of a number taking place in the Royal Docks area, is being led by the Silvertown Partnership.
Sir Stuart Lipton, who is in charge of the consortium, said: “This is an important milestone for Silvertown.
“The decision by the Mayor of London ensures that this derelict and forgotten piece of east London is reinvented as a new creative hub for our capital – drawing the world’s best creative talent, most ambitious start-ups and most innovative businesses – to make, show and share.”