London commercial development opportunities promising

03/12/07 11:19

The Thames Gateway is ‘one of the most attractive’ investment and commercial development locations in the world today, it has been claimed.

A report commission by the London Thames Gateway Development Corporation (LTGDC) highlights the investment potential in what it calls ‘the UK's most significant regeneration location’.

The report stated that by 2016, commercial property development in the area could reach 5.4m sq ft of office space, 4.3m sq ft of industrial space and 2.15m sq ft of retail space as well as 30,000 new homes.

Andrew Gould, head of the East London Business Team 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 and we would not have concluded that even two or three years ago. The scale of opportunity is huge and most people know that.”

Peter Andrews, chief executive of LTGDC, said London was going through major changes and the Thames Gateway region was leading the way for ‘exciting’ regeneration projects.’

He added: “On the fringes of the City of London, we have the economic powerhouses of Canary Wharf and Stratford City, the London City Airport, and a new entertainment centre at the O2, formerly the Dome.

“The Olympic Park, home to the 2012 Olympic & Paralympic Games is well underway, the Channel Tunnel Rail Link is now open and Crossrail is now confirmed for 2017, collectively making the Thames Gateway one of the most attractive investment locations in the world today.”