The transformation of London's historic Docklands continues with the multibillion-pound regeneration of the Royal Docks. Over the next five years, this 275-acre site on the banks of the River Thames will become a magnet for global businesses and creative entrepreneurs in East London as Chinese business park specialist ABP establishes a new financial district for the UK capital.
Following the phenomenal success of nearby Canary Wharf, the Royal Docks were established as London's only 'enterprise zone' in 2012, offering more favorable rates and relaxed regulations to attract businesses to invest in the up-and-coming area. Commercial and residential property prices are cheaper here than in areas closer to the city center, but these gaps will soon begin to narrow as developments complete and the new Crossrail Elizabeth Line brings Central London closer.
The first commercial properties at the Royal Docks are set to open in March 2019 and will be joined by a host of retail and leisure amenities, infrastructure improvements and brand new residential neighborhoods, creating a vibrant new district in London's creative East.
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