UK's largest floating village to come up at Royal Victoria Dock

UK's largest floating village with homes, hotels and restaurants is all set to start taking shape at the Royal Victoria Dock in east London.

The 15-acre development would be along the lines of similar schemes, that have proved successful at Ijbury near Amsterdam and Hafen City in Hamburg and others in Scandinavia. Located directly under the new Thames cable car, the development forms part of London mayor Boris Johnson's drive to transform the Royal Docks.

On completion, it would be one-and-a-half times the size of Green Park and have a Crossrail station and transport links to Canary Wharf.

Johnson yesterday launched an international competition at MIPIM (Le marché international des professionnels de l'immobilier), a major property conference in Cannes, to find developers to design and deliver the scheme.

He said, ''This site is unique. It has the potential to become one of the most sought after addresses in the capital while breathing new life back into London's waterways. But it's not alone.

''Right across London there are incredible investment opportunities that I'm determined to bring to market, creating more homes and jobs for Londoners.  My message to the developers gathering at MIPIM is that London is the best place to invest.''