The Regeneration of Canning Town Centre will involve the transformation of a six hectare site and will reconnect the areas north and south of the A13 flyover. Phase 1 of the scheme will comprise 179 residential units of private and affordable housing, 424 square metres of retail and a Morrisons supermarket of over 7,000 square metres.
The scheme is being developed by Bouygues Development and its consortium partner One Housing Group and forms part of the wider £3.7 billion Canning Town and Custom House Regeneration Programme.
"The regeneration scheme will bring a much-needed sense of place to the area and a wealth of opportunity to the local community” said Stephane Slama-Royer, managing director of Bouygues Development. "2012 looks set to be a monumental year for enhancing the economic prospects of the Olympic fringes in East London.
“To be delivering a new, £600m town centre scheme in the current market is a huge achievement and testament to the strength of Newham’s regeneration vision and our ability to work with private and public sector partners to deliver that vision,” said Clive Dutton, Newham Council’s executive director for regeneration and inward investment. "The Bouygues Development scheme will spur on not only the wider Canning Town and Custom House regeneration programme, it will also give momentum to the wealth of opportunities throughout Newham’s arc of opportunity running from The Royals through to Stratford. It is further evidence that East London and Newham in particular are at the heart of London’s future economic growth.
