More than 200 guests from the UK and overseas attended a Topping Out ceremony at Royal Albert Dock, east London today (12th April 2018) to mark construction of the first phase of the £1.7 billion development project reaching full height.
The development of Phase One, on course for completion in March 2019, only began in April last year. Set across eight acres, it will deliver approximately 635,000 sq ft GIA of commercial office space in two general design typologies, with accompanying retail space and a high quality urban realm.
“We did what we promised which was to push on with construction of our first phase. We have been fortunate to receive wide support from across the UK and from Chinese business and political communities in these projects, their presence today further affirms this close relationship and we look forward to strengthening our ties with all parties involved going forward,” said ABP Chairman Xu Weiping.
Coinciding with the ceremony, Strawberry Star Group, London-based international property company, which committed to purchase five Grade A office buildings in Phase One in November 2017, completed the sale transaction of a third building – building 11 – this week (9th April 2018). The company had exchanged contracts for the first two buildings in December last year.
Santhosh Gowda, Chairman of Strawberry Star Group, said: “We are on track to fulfil our commitment to purchase 5 office buildings as agreed. While these transactions will expand our property portfolio, we are eager to take advantage of the Royal Docks regeneration plan, which has significant scope for employment and to boost the local economy. We are happy with the progress of the project and look forward to working closely with John Miu at ABP and strengthening our relationship with ABP in future phases.”
John Miu, Chief Operating Officer at ABP London, added: “Companies choosing to locate in Royal Albert Dock will be well positioned to capitalise on the increasing number of talented and skilled people moving into east London as well as business opportunities in knowledge-intensive sectors such as media, fashion, fintech, as well as legal services and bio-pharmaceuticals.
“Our development continues to attract enormous interest from the UK and overseas and that is one of the reasons why we are establishing a tech hub within our project and so provide the ideal location for high tech enterprises from East and West to connect and co-operate.”
Piers Nickalls, director at Savills which advises ABP at Royal Albert Dock, commented: “The Topping Out ceremony marks a significant milestone in the development of Royal Albert Dock as we remain on track to complete in 2019. Adding to this we are pleased to confirm the latest sale to Strawberry Star has completed this week which is further good news coming out of the project. Royal Albert Dock is a landmark development in the heart of London’s new Airport City that will provide London with a new business district and today’s ceremony was a chance to share what has been achieved to date and all that we have planned.”
The principal contractor, CITIC Construction, and principal sub-contractor, Multiplex Construction Europe, have utilised a number of off-site fabrication methods to ensure the on-site construction sequencing and works at Royal Albert Dock progress as quickly as possible.
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Notes to editors
About ABP Royal Albert Dock
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