The development of Barking's Roding Creative Industries Quarter has moved up a gear with the Rooff Group's purchase of the Malthouse building.
Rooff already owns the Granary building, where small affordable studios are being created for artists and creative enterprises, while the Malthouse currently accommodates a range of arts, drama, media and designer organisations, as well as individual artists.
Rooff said combining the buildings would “form the heart of the creative industries quarter on the River Roding in Abbey Road”, and offer nearly 40,000sq ft of creative studios and commercial space.
The buildings, two of the oldest structures in the borough of Barking & Dagenham, were originally part of the Randells & Co’s malt-roasting business.
The vision for the Creative Industries Quarter, originally put together by London Thames Gateway Development Corporation, sees sees a 1.2ha development zone stretching across the historic Barking Abbey grounds to the Broadway theatre.
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…