The Thames Gateway will reach 40m sq ft of development by 2016 according to a report by Jones Lang LaSalle.
It reports that commercial development in London’s Thames Gateway could reach 5.4m sq ft of office space, 4.3m sq ft of industrial space and 2.15m sq ft of retail space with the addition of 30,000 new homes by 2016.
The report, commissioned by London Thames Gateway Development Corporation, highlights the investment potential in the area.
Andrew Gould, head of east London business at Jones Lang LaSalle, said: ‘This is a long-overdue guide for investors, developers and occupiers wanting to know what the opportunities are in London Thames Gateway and how to access them. The opportunities for occupiers and investors are now very real.’
London Thames Gateway Development Corporation’s has responsibility for Lower Lea Valley, the north/south expanse stretching from Hackey Wick to near Canary Wharf but excluding Stratford City and the Olympic area, and London Riverside - an area running east west from Beckton to Rainham including Barking Town centre, south Dagenham and Rainham Village.