Multi-million pounds investment to transform Rainham industrial sites
PUBLISHED: 07:00 07 October 2015 | UPDATED: 09:11 07 October 2015
A multi-million plan to develop 86 acres of riverside land will regenerate at least eight run-down industrial sites in Rainham.
The development scheme, a partnership between the Greater London Authority (GLA) and developer Segro, will run across Havering, Barking and Dagenham and Newham on both sides of the A13 corridor.
The 10-year programme will compliment the £40million investment plan to transform Rainham and Beam Park with 3,500 homes, a new school and train station and has the potential to create 6,500 jobs in east London.
Ilker Dervish, chair of the London Riverside BID, based in Rainham, said: “The BID welcomes the award of the contract and the investment it will bring to the area. The BID will work with the GLA to maximise the benefits for the community and ensure there is a variety of businesses units as well as the adequate infrastructure, such as transport.”
The partnership between the GLA and Segro is the largest of its kind between the public sector and a private land developer in London and means 99 per cent of all GLA land has now been released for development.
Segro estimates the sites can support up to 1.4 million sq ft of new urban logistics and light industrial spaces and is expected to invest £180million in the coming years.