Bloomberg News

Ballymore Gains Approval to Turn London Factory Into 3,385 Homes

March 13, 2012

Ballymore Group Ltd. won approval for a plan to turn a factory site and adjoining land in London’s former docklands into 3,385 homes.

Newham Council gave the development preliminary permission, Ballymore director Paul Keogh said in an e-mail today. London Mayor Boris Johnson hasn’t approved the project yet.

The site, which used to be occupied by a unit of Royal Dutch Shell Plc, will be also be turned into shops, restaurants, bars and as much as 5,000 square meters (53,820 square feet) of office space. The 41-acre (17-hectare) site is known as Minoco Wharf and is about a mile from London City Airport.

The development presents a “one-off opportunity to transform this underused Thames side site into a new mixed-use community,” according to a filing submitted on behalf of Ballymore at the time of the planning application. “This, in turn, can act as a catalyst for the development of adjoining sites.”

To contact the reporter on this story: Neil Callanan in London at ncallanan@bloomberg.net.

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


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