Regeneration news
Keystone and GLA property secures green light for new Thameside Neighbourhood at Royal Docks
Plans for a major new Thameside neighbourhood at West Silvertown, London E16, have been approved by the Deputy Mayor for Planning at a public hearing at which it was resolved to grant planning permission for the new masterplan.
Thameside West is a 5million sq ft residential-led mixed-use development being brought forward by Keystone London (“Keystone”) and GLA Land & Property Ltd (“GLAP”).
Master-planned by Foster + Partners the project will deliver:
- 5,000 new homes, of which 1,700 will be affordable;
- over 19,000 sq m of new workspace;
- 7,000 sq m of retail and leisure usage;
- 5.7 acres of public open space, including a new 4-acre riverside park and a kilometre-long Thameside walkway; and
- a new DLR station, a primary school, nursery and other community facilities.
Working in partnership with GLAP, London Borough of Newham and the local community, we hope to start on site shortly to begin development of this key site which will inject new life into this important part of the borough
Keystone CEO, Max James
Thameside West links the Lea Valley Regeneration Area with the wider Royal Docks and opens up the river front for the first time in generations providing spectacular views of the Greenwich Peninsula, Canary Wharf to the west and the Royal Docks to the east.
The decision by the Deputy Mayor to give Thameside West the go-ahead means that Keystone and GLAP can kick start the development with the first phase, comprising 401 mixed-tenure homes and 35,000 sq ft of workspace. The first phase has been designed by John McAslan & Partners and approved in detail.
Max James, CEO of Keystone London, said: “We are delighted the Deputy Mayor has given us the go-ahead for Thameside West which will enable us to create an exceptional new neighbourhood on one of the last major riverfront locations left on the Thames.
“Thameside West offers the opportunity to create a new and integrated community on the Thames with a genuinely sustainable mix of homes and workplaces aimed at a wide range of people living and working in this vibrant part of London.
“Working in partnership with GLAP, London Borough of Newham and the local community, we hope to start on site shortly to begin development of this key site which will inject new life into this important part of the borough.”
Keystone London is a private real estate investor and developer established in 2017, which aims to deliver high quality, sustainable assets with long term capital and income appreciation.
Thameside West is Keystone’s first major development and reflects the company’s focus on large-scale mixed-use schemes developed with a view to their long term social, cultural and economic sustainability.
Keystone is led by CEO Max James, the former Chief Executive of Quintain Estates and Development PLC, and is a joint venture with Keystone Management, a Zurich-based family private equity office that invests in and develops real estate.
While at Quintain Max was responsible for delivery of the company’s two major developments – Greenwich Peninsula and Wembley Park.
At Quintain, he worked with Keystone Management to jointly develop three projects at Wembley, delivering over 800 apartments and a 660-bed student accommodation complex with a combined value of around £300m.
GLAP is a subsidiary corporation of the Greater London Authority (“GLA”) and is focused on delivering genuinely affordable homes and jobs for Londoners.
