£1.1BN Vision For East Bank
Organisations including the BBC, University College London, The V&A and the Smithsonian Institute are to set up new sites in Newham as part of the redevelopment of East Bank.
The Mayor of London, Sadiq Khan, has set out his £1.1bn vision for a new powerhouse of culture, education and innovation at East Bank at Queen Elizabeth Olympic Park.
The scheme is receiving £385m from the Mayor and will provide skills and jobs for local people, bring students and visitors to the site and attract tourists from across the world.
The Mayor welcomed a £151m contribution by the Government at the launch in June and has unveiled new plans and buildings for Sadlers Wells, the London College of Fashion and the V&A including a partnership with the Smithsonian Institution across Stratford Waterfront.
The BBC will also create a new home on the East Bank for its BBC Symphony Orchestra & Chorus and BBC Singers along with state of the art recording facilities to host recording session and live performances. In addition, the site will be home to a new site for University College London, UCL East.
The site will build on the areas existing creative credentials and has been inspired by the success of South Bank in transforming a location through world-class art and learning opportunities.
The Mayor has also announced that at least 50% of the new homes at the development sites on the Olympic Park (Stratford Waterfront, Pudding Mill and Rick Roberts Way) will be affordable.
Sadiq Khan said: "Great cities are defined by their ambition as much as their achievements - East Bank is the most ambitious new project of its kind for decades. I have made culture, innovation and growth a top priority, and as London's centre of gravity extended east, I'm delighted that we're placing culture and education at the heart of this development and the Olympic Legacy.
1,000 Council Homes To Be Built In Newham
Newham is to gain 1,000 more council homes by 2022 as part of new plans unveiled by The Mayor of London, Sadiq Khan.
The 'building Council Homes for Londoners' programme will see 10,000 council homes being built across the capital over the next 4 years and will be paid for using a £1.7BN Government fund.
The Mayor of Newham, Rokhsana Fiaz said: "Tens of thousands of Newham families are in desperate need of affordable, quality homes. I share the Mayor of London's commitment to kick-start major council housebuilding in the capital as the only way we can realistically tackle the housing crisis."
Beckton Housing Development Named London's Best Residential Project
The Royal Albert Wharf housing development in Beckton has been named 'Residential Project of the Year' at the RICS Awards. Built on the site of an old pharmaceuticals warehouse, the development will have three blocks containing 350 homes, 40% of which will be affordable.
The wharf is being developed by Stratford based Galliford Try Partnerships. Its managing Director Stuart Brodie said: "As a leading regeneration business it is particularly pleasing and rewarding when the team's hard work is recognised with such highly regarded awards, even more so when you consider the high calibre entries that we were up against."