Abu Dhabi National Exhibitions Company (ADNEC), the Emirati owner of ExCeL London has formed a venture with UK developer Mount Anvil Group to build apartment blocks next to the convention and exhibition centre. A new mixed-use scheme is to be built on existing multi-storey car and coach park site.
Mount Anvil and London International Exhibition Centre (LIEC), part of Abu Dhabi National Exhibitions Company, say they formed the JV to deliver up to 1,000 new homes on the ExCeL estate, adjacent to Mount Anvil’s recently launched Royal Docks West development.
The scheme is designed to create a new place to live and work, delivering new homes together with commercial and retail facilities and community-engaging public spaces.
Royal Docks West was granted planning permission at the end of February 2017 for 105 homes, including 26 affordable homes for local key workers, high quality amenity space for residents and commercial space.
Killian Hurley, chief executive at Mount Anvil said: “Mount Anvil are delighted to have formed this joint venture partnership with LIEC, and believe that working together we can deliver a high-quality legacy development. We are developing a compelling design, which we will continue to evolve in partnership with LIEC, London Borough of Newham and the GLA, and stakeholders in this area.”
Phil Dowson, chief financial officer at ExCeL added: “We are thrilled to be working in partnership with Mount Anvil to deliver this exciting project, given the company’s reputation for working collaboratively and strong track record for creating design-led schemes that leave a lasting legacy and will benefit London now and in years to come.”
ADNEC bought ExCeL London in 2008 for a reported £318m. It is the capital’s largest conference venue.
