Architect Erick van Egeraat unveiled his masterplan for the £2.7bn regeneration of Canning Town, East London today at the MIPIM property conference in Cannes.

Speaking at the event hosted by London Thames Gateway Development Corporation he said the plan provided the vision and framework for the physical and economic transformation of the area, which is located between Canary Wharf, City Airport and the Olympic Village.

The plan includes two large public areas, which will be called Station Square and Retail Square and which will connect directly with the Canning Town transport interchange and linking up with the existing high street.

‘Our vision is to open up Canning Town, make the most of its landscape potential and create a sustainable environment with a sense of place for its inhabitants,’ said van Egeraat, who designed the Middlesborough Institute of Modern Art.

Peter Andrews, chief executive at the LTGDC said: ‘This masterplan highlights the exciting opportunities we are proposing for Canning Town centre and the wider area, afforded by £2.7 bn investment programme.

‘We aim to create a new mixed community of 10,000 premium and affordable new homes and 3000 new jobs. With our partner, the London Borough of Newham, we are committed to actioning the development and substantial investment has already been made. Our next stage is to select developers to help deliver the vision.’