Posts tagged Mayor
The plans will see the demolition of the London Fruit and Wool Exchange which will make the way for a six-storey building for office and retail use to be build.
The Mayor believes the site and its location are vital to the prosperity of this fast developing part of the capital and to London’s wider economy.
Mayor Johnson used powers granted to him in 2008 to support the application, which had previously been refused planning permission by Tower Hamlets Council.
He said: “The historic London Fruit and Wool Exchange, in the heart of London’s East End, is a former commercial epicentre to which producers and buyers flocked from miles around to do business.
“These plans will not only restore the façade to its former glory, but regenerate the Spitalfields area with thousands of new jobs, and brand new commercial opportunities.
“It will also make a vital contribution to the wider London economy and have a significant impact not just on Tower Hamlets but on surrounding boroughs as well.
“I can find no reason to refuse permission and am of the firm view that this ambitious and important redevelopment should go ahead.”
House builders will have the chance to put their bids forward to deliver major building work which could boost the London economy by £2 billion and create new jobs in the construction industry.
According to the Mayor, injecting such significant investment in the housing market could contribute £1 billion worth of construction projects across the city.
The Mayor has said that all ‘reusable investment’ from this funding boost will be reinvested for the building of more affordable homes over the next decade.
Motor Johnson said “To improve the housing choices of those who work to make this city the fantastic place that it is, I am opening up the market, cutting red-tape and injecting £100million worth of investment to stimulate supply.
“The programme we are announcing will not just unlock the door to home ownership for thousands more Londoners, it will give a welcome shot in the arm for jobs in the capital’s construction industry and spur wider economic growth too.”
The first homes are expected to be available for sale in early 2013 with completions ranging up until March 2016.
More than 54, 000 homes were built in Mayor’s first term, exceeding Mayor Johnson’s pledge to provide 50, 000 affordable homes for Londoners over the four-year period of his term. In the past year 16,000 homes were built in London, which means Boris Johnson has exceeded his initial target by 4, 000 homes.
The government has given new powers to Mayor’s office in order to boost housing delivery in the capital. Mr Johnson has now pledged to build up to 100, 000 affordable homes with potential to create 100, 000 new jobs
The Mayor of London, Boris Johnson, said: “Four years ago I said that if we were going to improve Londoners’ lives it was going to be essential that we boost affordable housing supply in the capital. The hard work is by no means over but despite some of the most challenging economic conditions for decades we have delivered more than 54,000 affordable homes over the past four years.
“By 2015 we will have delivered over 100,000 affordable homes for London, which will give a vital boost for jobs and the wider economy, as well as providing decent places that people actually want to live in.”- added Mr Johnson.
Share your experiences about finding affordable homes in the London area? What is your reaction to the Mayor’s plan to deliver more affordable homes for Londoners? Let us know what you think by leaving a comment here or raising your voice on our Facebook page.
The scheme will build more than 1,500 homes across five buildings, ranging from 8 to 20 storeys. Some of these will be as part of the affordable housing scheme announced by the government in November last year.
Plans for redevelopment of the 22 acre site will include new green offices, restaurants and a huge extension to the current shopping centre will include community facilities and leisure space.
The Mayor of London, Boris Johnson, is expected to rubber-stamp the scheme before building construction work can begin in 2014. Further details of the scheme will be announced later this year.
Hammersmith & Fulham Council’s cabinet member for community engagement Harry Phibbs, explained that this is a vital investment for the area which will create new jobs and encourage future economic growth.
Mr Phibbs said: “This development is bringing positive change, improvements and jobs to an area that needs revitalising.”
Duncan Bower, Director of Development and Asset Management at Westfield, said: “We are naturally very pleased with the decision by Hammersmith and Fulham Council to approve the scheme. We now await the decision of both the Mayor and the Secretary of State.”
What do you think about the extension of Westfield Shopping Centre and the building of new homes in West London? Do you think more needs to be done to encourage further economic growth? Share your thoughts by leaving a comment below: