Lendlease and Starwood Capital submit £3.5bn Silvertown regeneration plans

The Silvertown Partnership, a joint venture between Lendlease and Starwood Capital, has submitted a planning application to the London Borough of Newham to transform the £3.5bn scheme. The joint venture’s proposal includes 6,500 new homes 50% of which will be affordable housing, alongside a new centre for the Royal Docks. The Silvertown Partnership is seeking full planning permission for phase one of the proposed development, which will include 1,248 new homes, including 610 affordable homes, and 890,000 sq ft new commercial space. Outline permission is sought for the remainder of the site. The new designs for the 50-acre site involve redeveloping the Millennium Mills building, E16, left derelict and largely disused for around 40 years, into a centrepiece of the new community, featuring over 780,000 sq f of work and creative spaces. Silvertown is expected to become a cultural hub for the Royal Docks, with new arts and leisure facilities, cafés, restaurants and bars. The jv’s proposed plans also include community facilities such as healthcare, nursery and community spaces, as well as a new primary school. The proposed plans include making use of the scheme’s dockyard location and include canal walkways, a paddle board club and new. The Silvertown Partnership is working in conjunction with the Greater London Authority, Homes England and the Guinness Partnership. Ed Mayes, project director for Silvertown at Lendlease, said: “This is a pivotal moment for the Silvertown development, as we reveal plans for a neighbourhood that will create thousands of much-needed new affordable homes and jobs for Newham.” See more planning information for the London Borough of Newham>> To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews Image © Pixelflakes