Developers invited to submit outline proposals for £1.5bn project by 10 October

The London Development Authority (LDA) and Newham Council have revealed the shortlist for the £1.5bn Silvertown Quays project.

St George Central London, Development Securities Consortium, Hutchinson Whampoa Properties, Stanhope, British Land and Barratt Developments, Chelsfield Consortium and Delancy have been invited to draw up outline proposals for the 50-acre site’s redevelopment by October 10.

The Mayor of Newham Sir Robin Wales said: “London is moving east and there is huge potential here for investment, growth and greater prosperity. The Royal Docks are where London’s future essential economic growth can truly thrive. There has never been a better time to invest in the new heart of London.”

The Silvertown Quays site is considered one of the biggest redevelopment opportunities in London due to its proximity to the new Crossrail station at Custom House - which is due to open in 2017 - and London City Airport.

The LDA also indicated strong interest in the neighboring 35-acre Royal Albert Docks site, the LDA will brief potential investors in opportunities at the site next week before promoting the area to Chinese investors later this month.