C&M is preparing a planning application for submission to the council with a view to starting on site within 12 months.

Country and Metropolitan Plc and Railtrack Plc are the joint landowners for the scheme, which is approximately 3 acres in total.

Stephen Wicks, Chief Executive of Country & Metropolitan said: 'We are delighted to have secured such an important Thameside project and look forward to working with Railtrack to develop this opportunity.'

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