The Foster + Partners–designed scheme will deliver a minimum of 5,000 new homes, with half of the 47-acre site set aside for green space and a full kilometre of activated waterfront.
Positioned along central London’s largest remaining stretch of undeveloped riverfront, the development will offer unparalleled views across Canary Wharf and the Greenwich Peninsula.
With planning consent already secured, Thameside West is poised to begin its first phase in 2027, delivering 1,000 homes as part of the initial rollout.
The acquisition from private developer Keystone builds on Arada’s recent expansion in the UK market, following its September purchase of local developer Regal.
Arada will collaborate closely with the London Borough of Newham, the Greater London Authority and Transport for London to transform this former industrial area into a vibrant new neighbourhood.
His Highness Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said: “Our entry into this market was grounded in our unwavering faith in London and its attractiveness as one of the world’s leading capital cities.
“At the time of the Regal acquisition, we articulated our ambition to scale our London residential pipeline to 30,000 units over the next three years, and we have swiftly delivered on growing that pipeline. Thameside West represents a unique opportunity to create a landmark riverside development, and we look forward to working with our partners and utilising our long-standing track record in large-scale, amenity rich residential schemes to unlock the delivery of new housing for London.”
The addition of Thameside West expands Arada’s London development pipeline to 15,000 homes, further strengthening its presence in the UK capital.