Bids invited for East London development

Construction firms have been invited to register their interest in working on the London Thames Gateway Development project.

This week the London borough of Newham re-launched its drive to find bidders for the £1 billion scheme next to the London 2012 Olympics site.

Previously, the Stratford Island Regeneration Project had been put up for offer before being withdrawn due to a legal stipulation that it must be offered to all relevant parties.

In the latest tender, bidders are being asked to submit proposals for Lot 1, an 11.7-acre site opposite Stratford Regional train station that has an estimated development value of between £600 million and £1 billion.

Shops, schools and a large-scale expansion of property for sale in Stratford must all be included in plans for the regeneration.

Also newly been offered for redevelopment is the much smaller Lot 2, a council owned car park at Salway Road, which will include a £40 million campus for Birkbeck College, part of the University of London.

A shortlist of three bidders is expected to be drawn up by the London Thames Gateway Development Corporation and the London borough of Newham.

Published 5th June, 2008

© 2008 Estates IT Limited

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