Builders close in on £1.5bn Silvertown Quays
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Housebuilders Crest Nicholson and Barratt Developments are vying for a residential scheme that will kickstart the £1.5bn Silvertown Quays regeneration project in east London.
The companies are in talks with the developer, also called Silvertown Quays, over building a first phase of up to 800 homes, which would be worth £100m. A deal is expected to be signed within three months.
David Taylor, the developer's chairman, said: "Given the strategic importance of the site, we have discussed possibilities with a number of housebuilders. If the detailed discussions now taking place come to fruition, we would hope to be on site with a preferred bidder by the end of the year."
Beside the Olympic Village and King's Cross, Silvertown Quays is considered one of London's three big regeneration projects. It will be built in five phases, with the centrepiece, a 14,500 square metre aquarium, scheduled for completion ahead of the 2012 Olympics.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments