New commercial space launched at £350m Barking riverside regeneration scheme

Weston Homes has announced the launch of the first phase of commercial space at Abbey Quay, a new £350m (GDV) six-acre riverside urban village in Barking which is undergoing significant and rapid regeneration.

This first phase includes a 2,559 sq ft (238 sq m) ground floor unit which seeks an exciting commercial operator, either independent or established, to form part of a brand-new riverside community in this thriving East London borough. Six additional units will be released across three future phases.

The Class E unit situated on the corner of London Road and Abbey Road, accessed just two minutes’ drive from the North Circular Road. The premises are ideal for a new retail, hospitality or health and fitness operator to provide quality facilities for the new residents at Abbey Quay and the surrounding community.

The borough of Barking and Dagenham is said to be one of East London’s most up-and-coming areas, making it an exciting place to invest. Due to the £2bn regeneration project, there have been 25,000 new jobs created in the local area with 50,000 new homes planned over the next 20 years.

This “ambitious” scheme forms part of one of the UK’s largest regeneration projects and when completed, it will provide 1,118 luxurious apartments, expansive public amenity space and 41,000 sq ft of commercial retail and leisure opportunities, which is planned to include a new pavilion restaurant, local shops, cafés, gymnasium and community hub.

Abbey Quay is an expansive new community with pedestrian promenades, tree-lined avenues, magnificent vistas, public artwork and extensive landscaped open space.

Phase two of the commercial offering at Abbey Quay is set to consist of three further units, including a three-floor 8,710 sq ft premises, a two-floor 3,508 sq ft premises and a two-floor 5,065 sq ft premises. Phase three will see a two-floor, 6,049 sq ft unit, whilst phase four will deliver two more ground floor units, both providing 2,422 sq ft of commercial space.

Suzanne Aplin, group sales and marketing director at Weston Homes, commented: “Abbey Quay is a new waterfront urban village adjacent to Barking Town Centre which forms part of one of the largest and most exciting London regeneration projects in recent years.

“The new commercial operator will bring much needed quality facilities to what is becoming a thriving area, benefitting from large numbers of new and existing local residents, as well as passing traffic at this busy location just two minutes from the North Circular”.

By Matthew Neville – Senior Correspondent, Bdaily

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