Docks of a Fallen Empire to
Host a Rising Empire?
Host a Rising Empire?
The British Empire reached its Victorian
zenith when the Royal Albert Dock opened for trade in 1880.
Steamships lugged tea, ceramics and other
Chinese imports along the Thames to east London’s Royal Albert - Britain’s
biggest dock.
The Empire is long gone and the last ships left the Royal Docks (above) long
ago. But now plans are being drawn up to turn the Royal Albert into an outpost of China's 21st Century commercial empire, writes Paul Coleman.
Viability
A £1 billion plan by Chinese developer Advanced
Business Park – and its UK project partner Stanhope – aims to build a 24-hour
‘mini-city’ of offices, shops and homes on the Royal Albert.
Negotiations involving ABP, Stanhope, the Greater London Authority and
UK Trade and Investment are reportedly close to an agreed deal for the 35-acres
of publicly owned land currently controlled by the GLA.
But property specialists question the viability of a scheme where the
nearby City Airport means buildings can reach only 45 metres tall. Rents would
need to be at unprecedented levels for this part of London.
Credibility
Doubts also centre on the credibility of
ABP’s project track record. Chairman Xu Weiping is well connected with the
ruling Chinese Communist Party but ABP seems to have completed only one other
such large development.
Some 500 low-rise offices on Beijing’s outskirts are only partly
occupied. Derelict malls, giant stopped clocks in Financial Harbour and a
rundown hotel also feature.
The UK Coalition government is desperate for Chinese investment
to boost Britain’s recession-laden economy. London Mayor Boris Johnson
designated the Royal Docks (below) as an Enterprise Zone in 2011 to attract investment.
The Royal Albert forms part of the 125-acre Royal Docks. The Docks were rebuilt after Hitler's Luftwaffe heavily bombed them during the Blitz of World War II.
But new container ships proved too large for the Royals and the Docks declined
commercially and became derelict in the 1960s.
Thousands of dockers became unemployed
and many families - who had returned after the War - found themselves compelled by market forces to leave an area that had been home for
generations.
Paul Coleman, London Intelligence, May
2013
© Words & Photo, Paul Coleman, London Intelligence, 2013
© Words & Photo, Paul Coleman, London Intelligence, 2013
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