Planning Granted for £600 Million Canning Town Centre Regeneration Scheme
The £600 million regeneration of Canning Town Centre has been given the go-ahead by the Planning Committee at the London Thames Gateway Development Corporation. The scheme, developed by Bouygues Development and its consortium partner One Housing Group, forms part of the London Borough of Newham’s £3.7 billion Canning Town and Custom House Regeneration Programme.
The six hectare site will reconnect the areas north and south of the A13 flyover – i.e. Canning Town Corner with Barking Road and Rathbone Market – to create a vibrant, accessible and safe Town Centre. Phase 1 of the scheme will comprise 179 residential units of private and affordable housing, 424 square metres of retail and a Morrisons supermarket of over 7,000 square metres.
Work will start on site in Canning Town during the final quarter of 2012.
The entire Town Centre scheme includes approximately 1,100 mixed tenure housing units, over 30,000sqm of leisure and retail space and over 5,000 sqm of space for community facilities. The whole scheme is scheduled to be completed by 2023.
Speaking of the planning decision, Stephane Slama-Royer, Managing Director of Bouygues Development, said: “This is a tremendous decision for Canning Town and for East London as a whole. The regeneration scheme will bring a much-needed sense of place to the area and a wealth of opportunity to the local community. 2012 looks set to be a monumental year for enhancing the economic prospects of the Olympic fringes in East London.”
Peter Andrews, Chief Executive of the London Thames Gateway Development Corporation, said: “The impact of this decision will be truly transformational. Canning Town’s regeneration did not happen when the DLR and Jubilee lines were put in place but this sustained effort by LTGDC and Newham Council will provide a truer platform for the area’s rebirth. With the Mayor’s new development corporation soon to be established, Canning Town may well be the last example of substantial regeneration outside of the Olympic Park.”
Sir Robin Wales, Mayor of London Borough of Newham said: “This scheme is the real game-changer for Canning Town, and illustrates the scale of our ambition when it comes to delivering regeneration in Newham. More than that though, it is being delivered very much for the local community and with existing residents at its heart. They will benefit from a new Town Centre and all the opportunities that come with that – jobs, new homes and community facilities. It’s through initiatives like this that Newham is bringing together physical and social regeneration to form strong, prosperous and resilient communities.”
Clive Dutton, Newham Council’s Executive Director for Regeneration and Inward Investment, said: “To be delivering a new, £600m town centre scheme in the current market is a huge achievement and testament to the strength of Newham’s regeneration vision and our ability to work with private and public sector partners to deliver that vision. The Bouygues Development scheme will spur on not only the wider Canning Town and Custom House regeneration programme, it will also give momentum to the wealth of opportunities throughout Newham’s arc of opportunity running from The Royals through to Stratford. It is further evidence that East London and Newham in particular are at the heart of London’s future economic growth.”
Alan Williams, Group Director at One Housing Group said: “One Housing Group has a wealth of experience in delivering successful regeneration schemes and we are delighted to bring this experience into our partnership with Bouygues Development. The regeneration of Canning Town will build a diverse yet balanced community and creates much needed affordable homes.”
Richard Haynes, development executive at Morrisons said: “It’s fantastic that we have been given the go-ahead to provide a flagship ‘store of the future’ Morrisons at the heart of such a significant regeneration and development scheme. We’re now looking forward to bringing our unique fresh food offer to Canning Town along with important jobs, training and investment. This is another great example of how Morrisons can support regeneration and it’s another step forward in our expansion strategy for London and the South East.”