First phase of the Royals Business Park completed
Building 1000, the £70m landmark first phase of the Royals Business Park, being jointly developed by Development Securities PLC, Standard Life Investments and the London Development Agency has completed.
Designed by Aukett, the speculative development consists of two high specification glass and steel buildings, totaling 237,000 sq ft. These are linked by a spectacular Winter Garden and overlooking the Royal Albert Dock and London City Airport. Building 1000 was completed in just 73 weeks by Bowmer & Kirkland, using a special Australian ‘strong force’ system not widely seen in the UK, and large scale prefabrication.
When completed, the 50-acre site will be London’s largest urban park with 1.6m sq ft of offices and 100,000 sq ft of retail and leisure, extensive landscaping and public spaces.
David Paine, Investment Director at Standard Life Investments said: “This building with its spectacular setting offers both quality accommodation and value to potential occupiers. We believe that that combination will have wide appeal as evidenced by the interest we have seen to date".
Tony Winterbottom, LDA Director of Regeneration & Development, said: “The pace of development in the Royal Docks is breathtaking. Transport links are improving, the ExCel Centre is hosting major exhibitions and the Thames Barrier Park is being discovered as a true London gem. Now we have a magnificently-designed new business space in excellent surroundings and just a short distance from the capital’s economic heart. This will underpin development in the Docks and is a major milestone for the London Thames Gateway as a whole".
Julian Barwick, joint Managing Director of Development Securities commented: “Building 1000 is already attracting strong interest from companies looking for cost effective accommodation in such close proximity to the City, Docklands and the M25. The completion of this stunning building reinforces the continuing development of the transformation of the Royals as a vibrant mixed use area".
The letting agents for the Royal Business Park are Knight Frank and ATIS Real Weatheralls.
For further information contact:
Sue Brown or Naomi Galt, Tamesis on 020 7908 3200
Oliver Roberts, London Development Agency on 020 7954 4206
Judy Ditchburn, JDPR (Standard Life Investments) on 0149 488 2105
