Topping Out Ceremony marks new milestone for Royal Albert Dock construction

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.

– ENDS –

 

Notes to editors

About ABP Royal Albert Dock

  • ABP has an enviable track record for large-scale business developments. ABP’s first project in Beijing 2003 was completed in 2010, the 15 million sq ft development is home to more than 500 companies employing 50,000 employees. ABP continues to make an impact with developments underway in Qingdao and Shenyang, and plans for a massive 180 million sq ft project in Haining.
  • In 2013, ABP acquired the 35-acre Royal Albert Dock site. The first phase of around 650,000 sq ft of development is due to open in early 2019 to coincide with the arrival of Crossrail in the Royal Docks.
  • ABP is committed to investing £1.7bn to deliver and create this 4.7 million sq ft new district in London. According to government figures, the project will create over 30,000 new jobs and bring £6bn to the economy
  • Since May 2017 there have been 45 Workplace candidates placed in jobs on the site.

 

 

For further information, and photographs for media use, please contact:

Neil Robinson
Director of Global Communications
ABP (London) Investment Ltd
T: +44 (0) 203 8188 540
E: neil.robinson@abp-london.co.uk

 

 Nancy Xu, CEO, ABP London, speaks at the topping out ceremony
Nancy Xu, CEO, ABP London, speaks at the topping out ceremony
Xu Weiping, Chairman ABP, speaks at the topping out ceremony
Xu Weiping, Chairman ABP, speaks at the topping out ceremony
Stephen Timms, MP for East Ham (Middle), visits ABP office before the ceremony
Stephen Timms, MP for East Ham (Middle), visits ABP office before the ceremony
 Xu Weiping, Chairman ABP (front left) and Rajesh Agrawal, Deputy Mayor for Business (front right), jointly complete the topping out process
Xu Weiping, Chairman ABP (front left) and Rajesh Agrawal, Deputy Mayor for Business (front right), jointly complete the topping out process
(left to right) Nancy Xu, CEO, ABP London, Counsellor Jin Xu, Commercial Counsellor Minister from the Embassy of PRC, Patrick Piao, Vice President of CITIC, Construction & Board Director of CITIC Construction UK, Rajesh Agrawal, Deputy Mayor for Business, Xu Weiping, Chairman ABP, at the topping out ceremony
(left to right) Nancy Xu, CEO, ABP London, Counsellor Jin Xu, Commercial Counsellor Minister from the Embassy of PRC, Patrick Piao, Vice President of CITIC, Construction & Board Director of CITIC Construction UK, Rajesh Agrawal, Deputy Mayor for Business, Xu Weiping, Chairman ABP, at the topping out ceremony
 Nancy Xu, CEO, ABP London, speaks at the topping out ceremony
Nancy Xu, CEO, ABP London, speaks at the topping out ceremony
Xu Weiping, Chairman ABP, speaks at the topping out ceremony
Xu Weiping, Chairman ABP, speaks at the topping out ceremony
Stephen Timms, MP for East Ham (Middle), visits ABP office before the ceremony
Stephen Timms, MP for East Ham (Middle), visits ABP office before the ceremony
 Xu Weiping, Chairman ABP (front left) and Rajesh Agrawal, Deputy Mayor for Business (front right), jointly complete the topping out process
Xu Weiping, Chairman ABP (front left) and Rajesh Agrawal, Deputy Mayor for Business (front right), jointly complete the topping out process
(left to right) Nancy Xu, CEO, ABP London, Counsellor Jin Xu, Commercial Counsellor Minister from the Embassy of PRC, Patrick Piao, Vice President of CITIC, Construction & Board Director of CITIC Construction UK, Rajesh Agrawal, Deputy Mayor for Business, Xu Weiping, Chairman ABP, at the topping out ceremony
(left to right) Nancy Xu, CEO, ABP London, Counsellor Jin Xu, Commercial Counsellor Minister from the Embassy of PRC, Patrick Piao, Vice President of CITIC, Construction & Board Director of CITIC Construction UK, Rajesh Agrawal, Deputy Mayor for Business, Xu Weiping, Chairman ABP, at the topping out ceremony

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