The mayor of London, Boris Johnson, has revealed plans for a floating village in the UK’s capital at the international property conference MIPIM in Cannes. 15 acres of water would be transformed into vibrant areas with hotels, bars, restaurants, and new homes. Johnson describes the project as the “Venice of London” and hopes the new development will promote economic growth.
The Telegraph reports that the site at the Royal Victoria Dock will have a number of transport links including a Crossrail station, DLR, and a cable car linking it to central London and Canary Wharf.
Johnson will be hosting a series of meetings with potential developers at MIPIM, before the formal procurement process starts this summer. International developers will need to have a London-based partner to qualify for work on the project. Johnson said:
This site is unique. It has the potential to become one of the most sought after addresses in the capital while breathing new life back into London’s waterways. But it’s not alone. Right across London there are incredible investment opportunities that I’m determined to bring to market creating more homes and jobs for Londoners. My message to the developers gathering at MIPIM is that London is the best place to invest.