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Nov 2018 News

Glenny appointed to ABP’S £1.7 billion Royal Albert Dock scheme

14 Nov 2018

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ABP has appointed Glenny as joint leasing agent alongside Cushman & Wakefield and Savills to market the 3.3m sq. ft. office element of their Royal Albert Dock mixed use development, known as RAD.

This flagship scheme will create a new international business district and deliver much needed flexible office space into the regional market to accommodate demand from both the SME and corporate sectors. The first phase of the project will be completed in Spring 2019 providing up to 650,000 sq. ft. of Grade A office accommodation in suites starting from 1,300 sq. ft. up to stand alone buildings of 150,000 sq ft,

Well situated between three DLR stations, London City Airport and the new Crossrail station at Custom House, RAD is destined to become London’s newest emerging business district, comprising 4.7 million sq. ft. of mixed-use accommodation in total including 3.3 million sq. ft. of offices with 1.4m sq. ft. of residential, retail and leisure uses.

John Bell, Managing Partner at Glenny and head of the firm’s Business Space Agency division said: “RAD is set to become the heart of a brand-new business and cultural district for London. The commercial element will transform East London’s office landscape, providing a real opportunity for SME occupiers throughout the region to acquire top quality Grade A office space on an extremely flexible basis; we can offer short term leasing options as well as virtual freeholds. Glenny is delighted to have been instructed to lease the office element of this major mixed-use development.”

John Miu, Vice President at ABP London, said: “We have appointed Glenny, Cushman and Wakefield and Savills to market our diverse offering in what is set to become London’s newest and most exciting destination. The team has a deep understanding of the commercial office market from a regional, national and international perspective and we look forward to forging a strong partnership with them.”

Richard Howard, Head of London Leasing at Cushman & Wakefield said, “RAD has all the necessary fundamentals for a fantastic new development; international and local transport hubs and connections on its doorstep; a pleasant waterside setting; a highly flexible commercial approach to leasing and sales; and now, a highly driven and experienced team to deliver the vision. I have no doubt that Royal Albert Dock will very quickly become an established point on the London office map.”

For more information, please contact John Campbell, Divisional Partner and head of Office Agency at Glenny on 0203 141 3546.

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