Newham approves Lendlease and Starwood’s Silvertown Quays
Newham councillors have unanimously voted in favour of Lendlease and Starwood Capital’s plans for 943 homes in the first phase of the £3.5bn Silvertown Quays development in east London.
The stalled development was kick-started last year when the partners took over the scheme from the Silvertown Partnership.
The consortium, consisting of Sir Stuart Lipton’s Chesterfield Properties, First Base and Macquarie Capital, was appointed development manager by landowner GLA Land and Property in 2013, but struggled to find finance.
Newham councillors have unanimously voted in favour of Lendlease and Starwood Capital’s plans for 943 homes in the first phase of the £3.5bn Silvertown Quays development in east London.
The stalled development was kick-started last year when the partners took over the scheme from the Silvertown Partnership.
The consortium, consisting of Sir Stuart Lipton’s Chesterfield Properties, First Base and Macquarie Capital, was appointed development manager by landowner GLA Land and Property in 2013, but struggled to find finance.
Lendlease and Starwood will deliver 950,000 sq ft of residential space, 540,000 sq ft of commercial “brand” space and 180,000 sq ft of office space in the first phase.
The 62-acre Docklands development has outline planning for circa 3,000 homes, 2.4m sq ft of commercial “brand accommodation” space and 1.9m sq ft of employment space.
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