Network Rail’s property arm has submitted plans to finally develop the last parcel of land from the 2012 Olympic site, almost 12 years after the torch left London.
Network Rail Property has submitted a masterplan for London’s largest integrated rail freight logistics hub at Bow Goods Yard in East London, hoping to create a hub for last-mile warehousing.
It’s the first independent planning submission submitted by Network Rail Property.
The site is on one of the capital’s key freight rail lines, supplying over a million tonnes of concrete a year.
Network Rail says the development will take up to 90,000 HGV journeys a year off of London’s roads. As well as warehouses, the site will also include some green spaces.
The site is also expected to support up to 5,000 new jobs.
Made up of two sections on opposite sides of the River Lea, Bow Goods Yard is a 30-acre site just to the south of London Stadium. It is designated as “strategic industrial land”.
The area is the last section of the London 2012 Olympics Legacy area to be redeveloped, almost 12 years after the games.
Robin Dobson, Group Property Director at Network Rail, said: “This masterplan takes an ambitious approach to unlocking a challenging site and putting infrastructure at its heart. By reimaging the land-use, we are creating a state-of-the-art freight, warehousing and logistics campus that is vital to London.”
“The scheme supports a more sustainable capital with the new green spaces and leisure areas positively contributing to the local community now and for future generations. Being a better, more sustainable neighbour is a clear priority for us.”
