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Mayor Sadiq Khan has launched a new City Hall-backed housing development arm and committed £100m to the Silvertown regeneration project in east London, marking one of the largest investments ever made by a London mayor to accelerate housing delivery. The Greater London Authority has become a 50% shareholder in the Silvertown Partnership alongside developer Lendlease, replacing US investor Starwood in the joint venture. The acquisition price for the stake has not been disclosed. The investment is intended to help unlock the long-delayed Silvertown Quays regeneration in the Royal Docks, where an updated masterplan approved in late 2025 aims to deliver 7,000 new homes, including affordable housing, alongside commercial, cultural, and community space. The scheme also includes the restoration of the historic Millennium Mills building into flexible workspace. Industry figures welcomed the move, arguing that public-sector investment is increasingly necessary to overcome challenges including high interest rates, construction cost inflation, Brexit-related pressures, and regulatory delays. |
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Architects' Journal (16/06/2026) Construction Enquirer (16/06/2026) Housing Today (16/06/2026) The Standard (16/06/2026) |