{"id":64059,"date":"2026-06-16T11:04:13","date_gmt":"2026-06-16T11:04:13","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/64059\/"},"modified":"2026-06-16T11:04:13","modified_gmt":"2026-06-16T11:04:13","slug":"london-mayor-launches-development-arm-with-100m-boost-for-east-london-regen","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/64059\/","title":{"rendered":"London Mayor launches development arm with \u00a3100m boost for east London regen"},"content":{"rendered":"

The move sees the Greater London Authority become a 50 per cent shareholder alongside Lendlease in the development company at Silvertown, east London. US property investor Starwood had previously held the stake.<\/p>\n

The amount City Hall has paid for the shares has not yet been disclosed.<\/p>\n

The Silvertown regeneration, for which an updated masterplan was approved in December,<\/a> is set to deliver 7,000 new homes in the Royal Docks, East London.<\/p>\n

Architects on parts of the plan include AHMM, Pollard Thomas Edwards, Maccreanor Lavington and Gort Scott with OMMX, while the landscape architects are Churchman Thornhill Finch and Danish practice SLA. It also features housing by Stirling Prize-winner Haworth Tompkins<\/a>.<\/p>\n

In January<\/a> 2025, some 326 affordable homes designed by Gort Scott, working with the Guinness Partnership housing association, were approved as part of the masterplan.<\/p>\n

Regeneration in the area also includes refurbishment of a former flour mill, which has been empty for 40 years, into flexible workspace, under a scheme designed by AHMM <\/a>called Millennium Mills.<\/p>\n

The announcement was made as Khan visited Singapore\u2019s SkyResidence<\/a> development in Queenstown. The scheme was delivered by Singapore\u2019s public housing authority, the Singapore Housing and Development Board, which the mayor said was an example of transformational state-led housing delivery.<\/p>\n

The state is responsible for building around 80 per cent of homes and owning the vast majority of land in Singapore.<\/p>\n

Khan said: \u2018I\u2019m proud to be investing \u00a3100 million \u2013 one of the largest investments made by any Mayor of London \u2013 to help build and deliver thousands of new, high-quality and affordable homes at Silvertown.<\/p>\n

\u2018This is a new era for housebuilding in London, with City Hall investing directly in new homes, unblocking stalled sites and speeding up development.\u2019<\/p>\n

He acknowledged that housebuilding was impacted by factors including high interest rates, construction material inflation, Brexit and Building Safety Regulator delays, and said this is why he was acting to support development.<\/p>\n

Silvertown Partnership executive director of development Ed Mayes said the investment would help unlock the complex site, which has remained dormant for decades.<\/p>\n

\u2018Over the past five years, the sector has faced exceptional pressures. In this context, co-ordinated public sector investment is a meaningful intervention that enables delivery where the market alone cannot.<\/p>\n

\u2018With this support in place, Silvertown can continue to make progress and realise its potential as a thriving new neighbourhood for east London,\u2019 he said.<\/p>\n

Khan had committed to launching a City Hall-backed developer in his 2021<\/a> and 2024 election manifestoes.<\/p>\n

Today\u2019s statement added that it would work through joint ventures and \u2018innovative financing approaches\u2019 to unlock challenging sites across London and help prepare sites which the private sector was unable to take forward.<\/p>\n

Responding to today\u2019s investment boost, Dominic Milner, director at Maccreanor Lavington said: \u2018This is fantastic news for Silvertown Quays, a place with huge potential. We have recently completed the first building in the masterplan, delivering 100 affordable homes.<\/p>\n

\u2018It currently stands alone, signalling the change that is to come. We hope that this investment will help to accelerate the delivery of the vibrant and verdant neighbourhood that Lendlease do so well.\u2019<\/p>\n

\"\"<\/p>\n

The first building in the masterplan \u2013 providing 100 affordable homes \u2013 by Maccreanor Lavington.<\/p>\n

Source: Fiona Smallshaw<\/p>\n","protected":false},"excerpt":{"rendered":"The move sees the Greater London Authority become a 50 per cent shareholder alongside Lendlease in the development…\n","protected":false},"author":2,"featured_media":64060,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[26],"tags":[4556,26913,30467,27,1462,473,30468],"class_list":["post-64059","post","type-post","status-publish","format-standard","has-post-thumbnail","category-london","tag-ahmm","tag-drmm","tag-gort-scott","tag-london","tag-mayor-of-london","tag-sadiq-khan","tag-silvertown"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116759459722447387","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/64059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=64059"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/64059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/64060"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=64059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=64059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=64059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}