Bloomberg News

Canary Wharf in Chase for London’s Royal Albert Dock Development

December 15, 2011

Dec. 15 (Bloomberg) -- The London Development Agency has shortlisted eight companies to develop offices and retail space at Royal Albert Dock in the U.K. capital’s East End.

A Canary Wharf Group Plc unit, Dauphin Holdings Group Ltd., Micro World Developments Ltd., Muse Developments Ltd., St Modwen Properties Plc, Salmon Harvester Properties Ltd., Sinowest Construction Group and Wrenbridge Land Ltd. were asked to submit proposals for the 35-acre (14-hectare) site, the agency said in a e-mailed statement today.

Plans to make the site a high-end market are “part of the growing international confidence in the future of the Royal Docks as a whole,” the agency’s chief executive officer, Lurene Joseph, said in the statement.

Royal Albert Dock, located close to London City Airport and the ExCeL London conference center, is a part of east London where derelict docks, unused warehouses and industrial land are being regenerated for use as offices and retail space.

A preferred developer for the site in the borough of Newham will be selected by September, according to the e-mail. The district, which is one of the most deprived areas in the U.K., will host next year’s Olympic Games.

The Mayor of London, Boris Johnson, shortlisted three companies in October for a 1.5 billion pound ($2.3 billion) redevelopment of the 50-acre Silvertown Quays site, which is adjacent to Royal Albert Dock.

--Editors: Ross Larsen, Andrew Blackman

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.


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