Boris Johnson has launched an international competition to find developers to design the UK’s first floating village, bringing homes, jobs and workspaces to the Royal Docks.
The development would sit “directly under” the Thames cable car on 15 acres of land controlled by City Hall and would also be served by a new Crossrail station and the DLR.
Speaking at the MIPIM property conference, the Mayor said: “This site is unique. It has the potential to become one of the most sought after addresses in the capital while breathing new life back into London’s waterways.
“But it’s not alone. Right across London there are incredible investment opportunities that I’m determined to bring to market creating more homes and jobs for Londoners.”
Following implementation of the Localism Act in April 2012, the Mayor controls one of the largest holdings of public land in London with more than 600 hectares under his control.
He recently launched a new central database listing the size and location of each plot of land, a move designed to make it easier for developers to explore the opportunities London can offer them.
Speaking on Tuesday the Mayor said he wanted developers around the world to know “London is the best place to invest.”
Sir Robin Wales, Mayor of the London Borough of Newham in which the Royal Docks are located, said it was “essential that the transformation of the area translates into long-term prosperity, growth and jobs.”