Developer appointed preferred bidder on 50-acre Silvertown Quays

Chelsfield has been appointed preferred developer on a £1.2bn scheme to overhaul Silvertown Quays in Royal Docks, east London.

The 50-acre site is one of the largest development opportunities in London and is set to benefit from the completion of the nearby Custom House Crossrail station and the east London cable car linking the area to Greenwich.

The developer will create 228,570 sq m of commercial and retail space and 126,440 sq m of residential homes.

Mayor of London, Boris Johnson, said: “Despite one of the harshest economic climates in decades an urban renaissance is underway in east London and I have no doubt that Silvertown Quays will become a business destination of worldwide appeal.”

Robert Burrow, chief executive of Chelsfield, said: “Chelsfield with our partners Imagination Europe and First Base are delighted to be chosen as preferred developer for The Silvertown.  Chelsfield has for many years valued East London as a growth area.”