LTGDC secure development interest in London Sustainable Industries Park

The London Thames Gateway Development Corporation (LTGDC) intends to appoint Goodman as a development manager to deliver its visionary London Sustainable Industries Park (SIP), in London Thames Gateway it was announced recently.

The first of a new breed of business parks, the London SIP will accommodate, support and grow environmental technology businesses and sustainable industries. The 25 hectare development at Dagenham Dock will offer business synergies with existing tenants while maximising resource efficiency, innovation and minimising waste. Environmental technology businesses are expected to be worth £45bn to the UK economy by 2016.

Following a procurement process, bidders were evaluated against various criteria including master-planning, marketing, delivery and management of the London SIP.

Mark Bradbury, Director of Development at LTGDC, said: "I am delighted to announce our intention to appoint Goodman. Their experienced team will be a crucial addition to the London SIP cementing it as the must-be destination for forward-thinking businesses. Reaching this significant milestone in this market confirms our belief that east London can be home to the UK's largest concentration of environmental industries and technologies. Together with Goodman we are confident of making this a reality."

Following its appointment, Goodman will work with LTGDC to finalise the development framework, marketing and management strategies for the site and deliver the London SIP's infrastructure. Work will start on the initial site infrastructure next year. LTGDC will retain ownership of the site and remain responsible for funding site infrastructure. Goodman has 25 years experience in owning, developing and managing business parks and warehouse and distribution centres across Europe and the United Kingdom.

Mr Bradbury continued: "We have spent the last 18 months assembling the land for the London SIP, investing more than £30m in its development and with a further £20m committed for its completion. This decision is a major boost for the regeneration of east London breathing new life and opportunities into the area and as more companies locate here, jobs for 1,500 local people will become available."