Property News
Image default
Business and Economy News Residential Development News UK Property News

Hallsville Quarter Sets the Standard for East London Regeneration

London’s E16 postcode is set to become a new premier destination in the capital following a £3.7 billion investment to regenerate the area.

The currently in-progress five-phase Canning Town and Custom House Regeneration Programme has seen this pocket of East London transform from an underdeveloped (and seemingly forgotten about) former Royal Dock to an appealing and attractive destination for homeowners and businesses alike.

The change – which is being led by the £600 million mixed-use town centre scheme Hallsville Quarter, has seen massive demand with 96% of retail and leisure units having been let or under offer.

Spearheaded by independent East London commercial advisory agency CF Commercial and Nash Bond, the pair have secured a mix of national, multinational and independent operators, including Starbucks, Superdrug, The Gym Group, McDonald’s and more.

“In the wake of the pandemic and with the rise of home working, local community hubs like Canning Town have seen exponential growth and interest,” noted Gavin Rowlands, Director of Nash Bond.

Gavin adds: “We’ve seen a flurry of businesses open, with encouraging footfall from day one, and we’re finding that new residents and the established community are hungry for fresh amenities on their doorstep.”

Canning Town’s regeneration programme will see the area revitalised, welcoming new residents and embracing new residents within the borough of Newham.

The five-phase project is currently aiming for completion by 2024, which will result in 10,000 homes built across the area.

At present, the scheme is in Phase 3, which sees the retail and leisure space increasing to 103,00 square feet and 20 homes and an NHS health centre.

Commenting on the development, Craig Fisher, MD and Founder of CF Commercial, said: “Having worked across South and East London’s iconic regeneration areas of local communities, like Queen Elizabeth Olympic Park and Elephant & Castle, it’s incredible to see how successful the growth of Canning Town has been over the last few years,

“We knew that Hallsville Quarter was pegged for success, but it has exceeded our expectations and we look forward to watching it grow over the next few years.”

Related posts