A business and technical park in Dagenham, which offers modern facilities to emerging scientific businesses, has experienced growth in the year since it opened, according to site-owner, SOG.
SOG said Londoneast-uk has had a rapid development during its first year of activity. It opened in Rainham Road in early 2015 after SOG purchased buildings and land from pharmaceutical company, Sanofi, at the end of 2014.
The group’s managing director, John Lewis, expressed his satisfaction at the “impressive progress” made at the site in the first year of activity.
He said: “It has been a really hectic year. So much has been achieved with the company now operating in profit within its first year of trading.
“The original business plan predicted making a loss of around £1 million, so it is quite a remarkable result for a new business venture launched in November 2014, when the site was totally empty and with no customers signed up.”
The scheme consists of around seven hectares of real estate, including laboratories, scientific manufacturing buildings, offices, conferencing facilities, storage and warehousing – totalling over 121,920sq m of space - with security personnel operating on a 24-hours, seven days a week basis, 365 days a year.
Facilities management specialists, Arcus Solutions, was the first tenant at Londoneast-uk, which opened a technical training academy a few weeks after SOG had acquired the site.
In the following months, Barking and Dagenham Chamber of Commerce located to the site and various other small businesses took up residency.
By March 2015, the visitors centre office block was completely full. In November 2015, a collaboration with Barking and Dagenham College brought a new construction industry training programme for students.
Londoneast-uk facilities have also become the location for film and TV production companies. Barking and Dagenham Council’s film department is now based on site.
Further expansion is planned, with SOG looking to create a so-called ‘post-incubation centre’, offering shared equipment and support services to start-ups and emerging companies. The aim is to attract high-quality scientific businesses and employment to the area from the UK, Europe and across the world.
SOG is also considering the possibility of creating a dedicated film studio at the site. Lewis also encouraged business leaders to visit Londoneast-uk to learn more on the plans for the future growth of the site.
For more information visit www.londoneast-uk.com
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