Europe’s first indoor boutique Asian shopping centre to launch in October 2014
East Shopping Centre (ESC), Europe’s first major indoor Asian shopping mall, is opening in October 2014 in the heart of East London’s bustling shopping district, Green Street.
The vibrant new centre is being developed on the one-acre plus site of a former bus depot, which is a landmark in the area. It comprises 35 two-storey units, a 17-unit Souk – a smaller marketplace for retailers and local businesses – and a spacious 220-capacity, six-unit Food Court, bringing a taste of the world’s flavours to Green Street. A spectacular glass roof spans the length of the centre, giving East Shopping Centre a light, airy and open ambience.
East has contributed to the regeneration of the area and the developers have taken specific measures to ensure that the centre retains its original façade and is sustainable to the degree that it complies with the scheme’s stringent BREEAM requirements. Eco-friendly features include solar panels to save on electricity usage; flow restrictors to help save water; and harvesters to recycle water throughout the mall – as well as carefully sourced materials for the entire development– all of which not only help to protect the environment, but also reduce costs for the retailers.
This multi-million pound project is spearheaded by ACR Investments Ltd who, between its four partners, has over a hundred years of combined experience within the property and construction industries.
The partners at ACR Investments Ltd said: “We couldn’t be more excited to be making history with East Shopping Centre, being the first development of its kind in Europe. The borough of Newham is a wonderful district with so much potential and Green Street is already a major hub for people to shop for clothes, food, accessories and everything in between. Our aim is for East Shopping Centre to enhance the street’s appeal and expand on this vibrant shopping destination by attracting new consumers and businesses.”
East is building on the strong cultural heritage of Green Street and has had support from local retailers and Newham council. The shopping centre will also have a positive impact on the local community through commerce opportunities and its generation of approximately 150-200 jobs.
Leading Asian designer fashions, luxury jewellery and accessory brands are keen to be a part of this historic venture and although many of the units are already taken, some remain available. East will provide consumers one centralised destination to do their shopping and create a comfortable, convenient and enjoyable experience for consumers of any community.
