Changes coming to Silvertown development as Indian group poised to take over site
The Essel Group, a large conglomerate headed by Indian billionaire Subhash Chandra, has submitted proposals to the Greater London Authority to purchase the 62 acre site from current developers The Silvertown Partnership.
Essel has submitted plans for a major visitor attraction, hotel and leisure complex to celebrate India’s culture and history.
Spanning 2.5 million square feet, the centre would include museums and a theatre, retail outlets, restaurants, a botanical garden and a luxury hotel.
Essel Group spokesperson Parul Goel said: “London remains the beating heart of Europe, and the Essel Group is committed to making a huge investment into London to complete the transformation of this part of the city, offering a sustainable and eco-friendly development that meets the requirements of the current planning permission and ensuring this project moves quickly. The Essel Group and our design team have been in detailed discussions with The Silvertown Partnership for many months, all of which has been hugely productive and our proposal has the full support and trust of The Silvertown Partnership. With Brexit looming, this kind of investment into the UK represents a massive coup for the GLA and the London Mayor Sadiq Khan. The cultural centre will be like no other in the world, and we aim to put this part of London back on the map."
The revised scheme includes a cultural centre that would sit on 14 acres at the heart of the Silvertown project. Spanning 2.5 million square feet, the centre would include museums and a theatre, retail outlets, restaurants, a botanical garden and a luxury hotel.
The plans are the culmination of a long-held ambition by Dr Subhash Chandra, the Chairman of Essel Group, to create an educational cultural destination that will showcase the impact and influence of ancient civilisations over 6,000 years. Cultural visitors will start at the top of the centre and work their way through museums, art galleries and interactive experiences highlighting the origins of the Indus and other civilisations to the modern day.
The centre will also provide space for mediation, yoga and dance as well as a spa and wedding venue. A conference centre, exhibition facilities and a global news and world class TV production studio are also proposed.
If the plans are approved, the Essel Group's proposed development of Silvertown could see the cultural centre open by 2023, subject to approval by the GLA. A decision is expected this month. Essel will work in partnership with HPW Architects who will lead on design, and Mace, the international construction company behind The Shard.