Premier Inn has been announced by Rockwell Property as the occupier of a new 400-bedroom hotel in Westferry, East London. Whitbread, Premier Inn’s parent company, will take a 30-year lease of the hotel and restaurant within the 30-storey mixed-use scheme which is at the gateway to Canary Wharf, next to
A new hotel-led development in East London has received planning permission. Developed by Rockwell Property, the 30-storey landmark building located at 82 West India Dock Road in Westferry includes a 400-key hotel with a ground floor restaurant, cafe and bar. The site will also house 66 new one, two and
Asian investors have agreed a deal to invest billions of pounds into East London construction over the next five years. The deal was signed in London yesterday with Chinese developer ABP pledging to invest £1.7 billion over the course of the next eight years in its Royal Albert Dock project.
BDC 319 : Aug 2024
Premier Inn has been announced by Rockwell Property as the occupier of a new 400-bedroom hotel in Westferry, East London. Whitbread, Premier Inn’s parent company, will take a 30-year lease of the hotel and restaurant within the 30-storey mixed-use scheme which is at the gateway to Canary Wharf, next to Westferry DLR station. “I’m delighted that Rockwell have secured Premier Inn as the operator for our new hotel-led development at the Westferry gateway to Canary Wharf. Premier Inn’s emphasis on being a force for good aligns perfectly with our aspiration to deliver exceptional schemes which make a positive and lasting difference. It is an exciting time for Rockwell and this agreement further expands our growing hotel portfolio as well as illustrating our proven track-record. The desirability of this scheme is a testament to Rockwell’s expertise. We are eager not only to deliver it to our high standards but to continue building upon this with similar projects in the future,” commented Donal Mulryan, Founder of Rockwell. The development includes private and affordable residential accommodation, community space, and retail units, as well as a ground floor Whitbread-branded restaurant all set in a landscaped public realm. Rockwell Property was granted planning permission on the site by the London Borough of Tower Hamlets in October. On completion, the hotel will be the tallest Premier Inn in the UK and Whitbread’s largest hotel in London (outside of airport hotels). Construction work is due to commence in summer 2019.
A new hotel-led development in East London has received planning permission. Developed by Rockwell Property, the 30-storey landmark building located at 82 West India Dock Road in Westferry includes a 400-key hotel with a ground floor restaurant, cafe and bar. The site will also house 66 new one, two and three bedroom apartments. “Our vision for 82 West India Dock Road will breathe new life into a neglected site that has been derelict for many years. This inspiring new building includes a hotel that will bring new jobs and business to the local area, in addition to much needed new homes for the local community in an inspiring new building. We are dedicated to delivering this exciting, high-quality development and look forward to turning this site into a place that locals can be proud of,” said Donal Mulryan, Founder of Rockwell. Designed by UK architects SimpsonHaugh & Partners, the development includes: ground floor retail or community space, activating the street and providing a local amenity; extensive public realm and landscaping works, both on site and in the surrounding area to significantly improve place-making and provide a more connected, safe, cohesive and green environment; half an acre of gardens and 48 additional trees including the introduction of an urban arboretum, residents’ garden and over 220m of children’s play space; and over £7 million in Section 106 and Community Infrastructure Levy to fund local infrastructure improvements, training programmes for local residents and support for local recruitment. “We have worked closely with Rockwell Property to design a high quality, mixed-use scheme that will improve connections across West India Dock Road, providing new homes, employment and training opportunities, whilst creating a safer and more secure public realm environment for the community,” added Mark Savage, Partner, SimpsonHaugh. Construction work is due to start on the site in Summer 2019 and once completed, 250 jobs are expected to be created in the hospitality sector.
Asian investors have agreed a deal to invest billions of pounds into East London construction over the next five years. The deal was signed in London yesterday with Chinese developer ABP pledging to invest £1.7 billion over the course of the next eight years in its Royal Albert Dock project. This scheme will be supported by its partners CITIC Group and Thai company Charoen Popkhand Group (CP Group). The agreements were confirmed as part of the Chinese Vice Premier Ma Kai’s visit to the UK at the East London – China Investment Summit The £1.7 billion Royal Albert Dock investment will fund construction of up to six of the first phases of the project with work starting early next year. Chinese business CITIC is the main contractor on the job where Multiplex is also working on phase one. ABP, CITIC and CP Group have also set-up the The East London Development Group which will invest in other infrastructure and housing projects in the area. Mr Xu Weiping, Chairman of ABP, commented: “These major investments are a vote of confidence to the UK and London market following the Brexit vote. “East London is fast becoming one of capital’s most exciting places to do business and we are pleased that other Asian companies have seen the potential and are also now investing in the area.” Mayor of Newham, Sir Robin Wales, said: “The project will start construction early next year, and is designed as a comprehensive business-led mixed used development including up to 845 new homes. “It is expected to create 20,000 full-time jobs, which is great news for the people of Newham.” Britain’s relationship with China is still “golden”, the prime minister said as she welcomed a Chinese developer’s plans to build a £1.7bn business district in east London. Theresa May, who held talks with Ma Kai, China’s vice-premier, in Downing Street on Wednesday night, is keen to show Britain remains open to investment from China.
