Property developer Oxley Holdings intends to develop the 40 acre site with 3,400 apartments and a variety of commercial, retail, leisure and educational facilities.

Royal Wharf is the largest London development opportunity to come to market since Battersea Power Station.

The site lies on the River Thames next to the Royal Victoria Dock, next to the Thames Barrier.

Ching Chiat Kwong, chief executive of Oxley, said: “Royal Wharf is an outstanding opportunity and offers a blank canvas to create something very special for London.

“It has over 500 metres of river frontage with a Crossrail station 1km away.

Oxley now has the opportunity and responsibility to deliver this fantastic project, picking up the baton from Ballymore.”