SEGRO has signed a deal with Mayor of London Boris Johnson to redevelop 86 acres of industrial land owned by the Greater London Authority (GLA).

The partnership is the largest deal of its kind between the public sector and a private land developer in the city.

SEGRO plans to invest £180 million over the next ten years in sites spanning Newham, Barking & Dagenham and Havering.

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The sites are known collectively as East Plus and sit along both sides of the A13 corridor.

They are to be rejuvenated into approximately 1.4m sq ft of new urban logistics and light industrial spaces.

Ric Blakeway, Deputy Mayor for Housing, Land and Property, said: "As part of the Mayor's vision for east London, we are working hard to create a mixture of residential and commercial property. Industrial life has long been the lifeblood of communities and SEGRO have great plans to promote training, education and employment.

David Sleath, SEGRO Chief Executive, added: "We are delighted to have been selected as the exclusive development partner to the GLA to enable the redevelopment of one of London's most important industrial areas."

(LM/CD)