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 Newham
Council'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 - 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.
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."
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."
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."