£3.5bn Silvertown regeneration plan submitted

19th January 2023 | Jack Oliver

A planning application for the Silvertown site in Newham has been submitted by The Silvertown Partnership, a joint venture between Lendlease and Starwood Capital.

The £3.5bn plan would aim to develop Silvertown as a cultural hub for the Royal Docks, with arts and leisure facilities, cafés, restaurants, and bars. New public squares would host cultural events and access to green spaces would aim to provide access to nature and encourage walking.

The newly opened Custom House Station on the Elizabeth Line would also provide access to the development, just 15 minutes from central London.

The plans also accommodate for 6,500 new homes with a 50% affordable housing target. The designs for the 50-acre site feature a restoration of the iconic Millennium Mills building, which has been left derelict and mostly unused for 40 years.

Situated within the Capital’s only Enterprise Zone, the London Plan identifies the Silvertown site as one of London’s largest regeneration opportunities with the development expected to contribute between £76-£90m annually to the city’s economy.

The proposals also reveal plans to make Silvertown an industrial hub, featuring over 780,000 sq ft of next generation work and creative spaces in the refurbished Millenium Mills buildings and surrounding employment quarter.

The Silvertown Partnership is working in conjunction with the Greater London Authority, Homes England, and The Guinness Partnership.


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