A floating village on the Thames could be constructed after London Mayor Boris Johnson unveiled plans to transform the Royal Docks.
Hafen City, Hamburg
The mixed use development will include floating homes, restaurants, bars and hotel facilities on a 15-acre (six hectare) area of the Thames.
The village would sit under the Emirates Airline cable car and Mr Johnson said he believed it had the potential to become one of London’s most sought after addresses.
The mayor said it would have some of the finest transport connections in London due to DLR, Crossrail and the cable car.
There are floating developments at HafenCity in Hamburg and Ijburg near Amsterdam, as well as others throughout Scandinavia.
The mayor’s office said this would be the biggest floating development in the UK – a 12-acre development is scheduled for Glasgow.
City Hall said the mayor was determined to provide land for development after he acquired more than 1,500 acres (600 hectares) as a result of the Localism Act 2012 which saw other London public bodies devolved.
An international competition has been launched to find a developer and companies to plan and deliver the scheme.
Mr Johnson said: “This site is unique. It has the potential to become one of the most sought after addresses in the capital while breathing new life back into London’s waterways.
“But it’s not alone. Right across London there are incredible investment opportunities that I’m determined to bring to market creating more homes and jobs for Londoners.”
The Mayor of Newham, Sir Robin Wales said: “London is moving eastwards and the Royal Docks offer an investment opportunity in scale unmatched anywhere in Europe. This exciting development is a pivotal part of their reanimation.”
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