Albert Island
Albert Island is a 25-acre development site at the eastern gateway to the Royal Docks, strategically located between the River Thames and Royal Albert Dock with excellent road, rail and river connections, close to London City Airport.
The Royal Docks Team has planning consent for c750,000 sq ft of development and is working with the City of London Corporation to explore the potential to relocate New Billingsgate and New Smithfield markets to Albert Island. The proposal supports the shared ambition of the City of London Corporation and market traders to secure a new wholesale market location within the M25. It is estimated that the potential move could bring an estimated £750m in local expenditure, over 2,200 jobs and £130m GVA to Newham.
A formal procurement process will commence in the coming months.