The firm run by the Livingstone brothers will act as the Greater London Authority’s partner on the 10 ha site at the eastern end of the royal docks.

Details of its plans have yet to be revealed but the GLA masterplan for the site includes development of a commercial boatyard, redevelopment of the existing marina in the northern part of the site and housing around the southern part facing the Thames.

L&R Properties said: “We are very excited to have been chosen and are looking forward to working on this project with the local community, the GLA and the London Borough of Newham.

“There will be much more information available shortly”