As Indian billionaire Subhash Chandra and the Essel Group make a surprise bid for Silvertown, on the other side of the Royal Docks, ABP is topping out its first buildings.
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Less than 12 months after being given the keys to the 40-acre site on the north side of the Albert Dock, the first 635,000 q ft of space is nearing completion.
The offices are set to open in 2019 with the arrival of Crossrail, and ABP chairman Xu Weiping says the tenants will include Chinese conglomerate CITIC and ABP themselves.
He says ABP is in discussion not only with a number of tenants, but also a number of prospective purchasers of the office blocks.
The to-scale model in the current ABP office has a number of “sold” signs on blocks.
Strawberry Star Group committed to buying five offices in phase one in November 2017 and completed the transaction for the third – building 11 – this week.
Xu is targeting the smaller and tech occupier side of the London office occupier spectrum, and he is hoping to make a distinctive offering from that of Canary Wharf.
John Miu, chief operating officer at ABP London, said: “Our development continues to attract enormous interest from the UK and overseas and that is one of the reasons we are establishing a tech hub within our project, providing the ideal location for hi-tech enterprises from east and west to connect and cooperate.”
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