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Silvertown Quays receives retail investment

By FashionUnited

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Design

Silvertown, once a derelict area near London's City Airport,

is to get a £1.2m retail investment.

Boris Johnson, the Mayor of London, has revealed that property developer Chelsfield has been chosen by the London Development Agency (LDA) as preferred developer of the 50-acre site.

It will bring commercial and retail use to the Silvertown Quays scheme within the Royal Docks enterprise zone. The development will include 228,570 square meters of commercial and retail space, and 126,440 square metres of housing. Education, research and innovation centres will also feature.

Work on Silvertown Quays is expected to start in two years, with a likely completion date in 2018.

Silvertown Quays