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Plans approved for Rathbone Market, Canning Town

16 March 2009  -  Plans for Rathbone Market, English Cities Fund’s £180 million mixed-use development in the heart of Canning Town, have been approved by the London Thames Gateway Development Corporation (LTGDC).

The development will have a residential and retail focus, with new community facilities for the area along with a rejuvenated market.  Proposals include a 21-storey building at the western end of the scheme.

Rathbone Market is a key part of the Canning Town and Custom House regeneration area (the seventh largest in the UK), being master minded by LTGDC and landowner, the London Borough of Newham.  The 680,000 sq ft scheme will be one of the first sites to be developed within the overall masterplan for the area.

Located close to the heart of one of London’s best transport interchanges, with the DLR and Jubilee Lines on the site’s doorstep, residents of the area also have unparalleled access to the West End, the City, Canary Wharf, Stratford and the site of the new Olympic Village.   Canning Town is also just a short journey from London City Airport, providing fast links to the rest of the UK and Europe.

English Cities Fund project director, Howard Morris, commented: “It is really exciting to be involved in such an important and visually attractive development in an area going through such massive change.  The 60,600 sq m of mixed-use development will offer a new and exciting future for the market and kick-start the regeneration of the Canning Town and Custom House area.

“With our development partners we are planning that, by the time we are in a position to commence development, we will have been past the bottom of the residential cycle and therefore we anticipate building out in a rising market, ready to take full advantage of the massive changes that will be provided with the arrival of the London Olympic Games in 2012.”

Rathbone Market, Canning Town is one of six UK schemes being delivered by English Cities Fund, a public-private regeneration partnership involving the Homes and Communities Agency (HCA), Muse Developments and Legal & General.

 

Further information: howard.morris@musedevelopments.com