The development is enviably close to London\u2019s major business and leisure district. It also provides the opportunity to capitalise on the growth expected in the Thames Gateway over the short, medium and longer term.
A key new development which will breathe life into the area and generate huge tourist footfall is the new Aquarium. The Aquarium is being developed on the west side of Pontoon Dock across the road from the attraction will be Pontoon Dock DLR station. When the DLR extension is completed it will be several stops from Westferry. It is set to complete in 2008 and will be the most prestigious facility of its kind in Europe. It has plans for 120,000 sqft of water space, as well as retail, leisure and restaurant facilities
The Excel Centre is London\u2019s largest single site exhibition centre with 65,000 sqm of exhibition space, attracting some of the most prestigious events in the UK. It hosts approximately one million visitors per annum.
The 50 acre Business Park will be the capital\u2019s largest urban business park with 1.6 million square feet of offices and 100,000 square feet of retail and leisure space. It will occupy a one mile waterside frontage space on the Royal Docks and is expected to attract high quality tenants drawn by its strategic location and proximity to the City and Canary Wharf. The site has excellent transport links with two existing DLR stations (Custom House and Prince Street), London City Airport within 400 metres and dual carriageway access.
The first phase of the Business Park, Building 1000, is now nearing completion. It is one of the first major office buildings in the Royal Docks, complementing the existing residential developments and the Excel exhibition centre. Subsequent phases will include retail and leisure as well as further additional office space.
These developments are just some examples of the investment taking place to enhance the area and are major contributors to the regeneration plans. As outlined this influx of investment helps boost the local economy, creating employment and increased demand for skilled labour, housing, new hotels, leisure facilities, restaurants and bars.
The University of East London\u2019s new campus was officially opened by Ken Livingstone on the 4th of July 2000. It features accommodation for 400 students and facilities for 5,000 students studying design, technology, engineering, arts, humanities and social sciences. A key component of the University is the Thames Gateway Technology Centre \u2013 a one-stop training facility for new and existing companies in the East of London. The Centre provides business start-up space and advice, and a technology resource centre. As always a new university facility will bring prosperity and vibrancy to an area and the local economy.
The development is conveniently located within a 12 minute walk of the Canary Wharf development and has all of the advantages of a city location with shops, restaurants and sporting facilities all a short stroll from the site.
In addition to this, the area is served by the Limehouse Railway station (12 mins), Mile End Tube (14 mins) with access to all areas of London via the District, Hammersmith and City and Central tube lines and Westferry DLR (8 mins). Road links are excellent and not only does the area have several main road links directly to Canary Wharf and the centre of London but also to the site of the Olympics as well as out to the M25 and thus onwards to the rest of the UK. Bus routes are equally good with regular local services and a regular night bus.
The development is only 5 km from City Airport and less than one hour of the other 4 major
airports in the South-East: Stansted Airport 30 mins; Gatwick Airport 40 mins; Heathrow
Airport 60 mins
The Crossrail project is a proposal for a new East-West railway running underground through central London. This project should reduce the current overcrowding on London's rail network by providing a large increase in rail capacity. The Crossrail project has the potential to transport over 150 million passengers per year. Crossrail has been allocated \u00a3154 million from the Department for Transport's 10-Year Plan budget to carry out feasibility work on the project and to acquire the necessary permission for Crossrail Lines 1 and 2.
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