The principal development agreement terms for the regeneration of Canning town centre have been approved by the London Borough of Newham and Bouygues Development.
It forms part of the council's £3.7 billion Canning Town and Custom House Regeneration Programme and will see a new more than 7,000 sq m Morrisons supermarket built, as well as units of private and affordable housing.
Development executive of the supermarket Richard Haynes previously asserted the store would have flagship status and mark the beginning of its expansion across the capital and the wider south-east.
Work is scheduled to start during the last quarter of this year and once the entire scheme is finished, it will provide over 30,000 sq m of retail and leisure facilities and 1,100 secure car parking spaces, as well as reconnecting the parts of Canning that lie north and south of the A13 flyover.
Commenting on the project, which is expected to be built by 2023, mayor of Newham Sir Robin Wales said: "This scheme is the real game-changer for Canning Town and illustrates the scale of our ambition when it comes to delivering regeneration in Newham. More than that though, it is being delivered very much for the local community and with existing residents at its heart. They will benefit from a new town centre and all the opportunities that come with that - jobs, new homes and community facilities."
Organisations that have
London offices in Canning are likely to be encouraged by the news, as turning the town centre into a business, retail, residential and leisure hub could have positive results, such as increased custom.
Local firms have shown their support for the development. Speaking to Wharf.co.uk earlier in the year, Ruby Joe fashion store owner Ruby Amoh said if new banks open branches in Canning, it will prevent people from having to travel to East Ham and Stratford for financial services, potentially taking business away from the town.
Posted by David Hudek
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